Want to Rent Your Dream Apartment? Prepare for a Bidding War. [The New York Times]
Realogy Holdings Corp. (RLGY)
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Source: The New York Times
Real Estate|Want to Rent Your Dream Apartment? Prepare for a Bidding War.https://www.nytimes.com//07/27/realestate/rental-bidding-wars.htmlmentContinue reading the main storySupported byPost-pandemic, some renters know the neighborhoods where they want to live, and are willing to pay hundreds of dollars extra to get them.Cathy Taub, an associate broker at Sotheby’s , said that post-pandemic, the renters she works with are far more concerned with the location of apartments they look at because they want to live near where they work.Credit...Desiree Rios for The New York TimesByCharu SuriJuly 27, ,6:00 a.m. ETThe New York City real estate market is returning to its prepandemic normal, but anyone looking for a rental apartment should prepare for a possible post-pandemic surprise. Bidding wars — long the scourge of prospective home buyers — are now being waged for rentals, especially in the hippest neighborhoods that are within walking distance of newly reopening office buildings.“What we
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