I wasn't surprised to see this little article on crains.com today. August was pretty slow. We actually didn't have any listings to rent after the beginning of the month, but the perceived turnaround in the economy tends to hurt people.
Also true are the comments about landlords taking away concessions - not a surprise given the vacancy rate's decline over the previous year. But some landlords probably shouldn't have ended their incentives, particularly those at the higher end, and maybe those with properties in less desired areas.
Will renters see a nice return of incentives such as no-fee and free rent? We'll have to see. But any renter who rents in the off season (November-February) will typically see lower rents on the same apartments, just by virtue of the lower moving volume during the winter months. So put on a parka and pack your boxes!
In major reversal, apartment vacancies rise - Crain's New York Business