Who wants to move in August? No one even wants to be in the muggy cesspool of the city, let alone between two separate apartments. Indeed, August rental reports reflect the general malaise one is apt to feel when clutching a box damp with sweat at the bottom of a five floor walk-up. Or maybe Manhattan is now obeying the schedules of the Hamptons as the middle class flees?
Manhattan vacancy rates remained relatively flat in August. At 1.19 percent, they are basically unchanged from the 1.2 percent vacancy rate of July and slightly up from August 2011, when they were at just one percent, according to a report from Citi Habitats. Cause for celebration? Read More