An interesting finding from the latest Citi Habitats rental report: Manhattan's vacancy rate in the first quarter of 2009 was up over the same period last year, but just by over 1%, and in March there was a slight decline in vacancies from the previous month. The vacancy rate had been rising rapidly since the second quarter of 2008. The heightened action was driven by landlord incentives extended to renters, the report says. [Crain's]
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