NYC’s busy summer season ends with a record number of leases signed

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And—surprise!—the use of concessions is still high Summer is almost almost over, which means it’s time for the final market reports of the typically busy renting season. And this past month was busier than ever: At Douglas Elliman, numbers whiz Jonathan Miller found that August had the largest number of leases signed since he began tracking this data nine years ago. From a year ago, the number of new leases signed increased 12.3 percent, to 7,061. The record number reflects new development coming into the market as well as tenant pushback to get better deals, according to Miller. "July a...

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