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Rent-to-own programs grow, Manhattan rental demand plunges, & more

Published July 17, 2020 (over 5 years ago) · Updated 3 months ago
Rent-to-own programs grow, Manhattan rental demand plunges, & more
This week, readers visited Brick Underground to learn about rent-to-own condo programs, which have increased in New York City during Covid. There are at least five buildings offering these programs, which enable renters to apply all or a portion of one year's rent toward the purchase price.
Also of interest: The demand for Manhattan rentals hit historic lows in June. The impact of the shutdown resulted in the highest vacancy rate in 14 years, according to Douglas Elliman's monthly report.
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