clock menu more-arrow no yes

Filed under:

Comment of the Day

New, 41 comments

"The Wall Street downturn is likely to lead to at least a mini-mass departure from Manhattan which should lead to softer rents. I remember seeing a lot of moving trucks in 1990 on the UWS. And at night, particularly in the newer buildings at the time, the windows were dark in the evenings. I've noticed an uptick in the number of advertised vacancies at newer rental buildings today. IMO vacancies at market rate rental apartment buildings are the proverbial 'canary in the coal mine.'" [Your Morning Credit Crunch: Rentals Suffering?]