Wait, rent concessions in Brooklyn are going down now?

Despite month after month of record-high concessions in Brooklyn, Sugar Hill Capital Partners co-founder David Schwartz said at a panel on Wednesday that his company was actually starting to see them go down. “Recently, we started to see rents stabilize,” Schwartz said. “It doesn’t mean we’re not having to give concessions, but even the amount of concessions that we have to give is starting to decline.” Schwartz sat on a panel with Duke Properties CEO […]

Source: Real Estate

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