Thursday, March 29, 2007

Vacancy! High-End Renters Flee to Buy


so dont worry everyone, the high end lux rentals are being vacated because people are buying while more renters are waiting to scoop them up!!





“I speak to a lot of the landlords—East Side, West Side, pretty much everywhere,” Mr. MacLeod said. “A lot of the tenants in the high-end luxury buildings are moving out to purchase apartments. I noticed more high-end inventory hitting the market starting in February; these people were going somewhere.”

Not that landlords or rental brokers need fret. Especially at this (spring)time of year, fresh crops of eagle-eyed apartment-hunters roam Manhattan, replacing the ranks of luxury renters jumping to the busier sales market.

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