New York City landlords may be cutting back on freebies
The perks that landlords in New York use to lure new tenants may soon be cut back.
Landlords offer perks like gift cards and a month of free rent to attract tenants, especially when a new building needs to be filled.
In Brooklyn, these concessions more than doubled from a year ago to a record high during July. According to a monthly report from Douglas Elliman Real Estate, 22.1% of new leases came with some kind of giveaway.
"The heavy use of concessions has been working where it's keeping vaca
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