Tuesday July 3, 2007

BoB confirms my suspicions, that it might be a good time to look around for a new apartment lease: “The current influx of condo units is creating a glut in the rental market as well . . . This is good for renters in that it places lessors in a competitive bind. Some owners are so desperate to lease out their units that they are resorting to transient occupancy for tourists.” This trend will accelerate over the next 12 to 18 months, as more and more under-construction condos come online.

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  1. TJL    Tue Jul 3, 08:42 AM #  

    Good luck with that – particularly on the beach – unless you have mucho dinero to spend.



  2. $2,000 per month    Tue Jul 3, 08:45 PM #  

    Does anyone have any reports of anyone getting a $1 Mil condo for $2,000 per month? Remember NYC in the 1970’s? Please report.



  3. agh    Wed Jul 4, 11:37 AM #  

    I have been hearing this for a while from friends renting in the Brickell area. I hear that rents are being negotiated down to half (from private owners) in buildings like the Jade.