{"id":3898,"date":"2009-08-17T02:08:18","date_gmt":"2009-08-17T06:08:18","guid":{"rendered":"http:\/\/renthop.com\/news\/?p=384"},"modified":"2009-08-17T02:09:45","modified_gmt":"2009-08-17T06:09:45","slug":"busy-summer-2009-what-lies-ahead-for-new-york-rentals","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/","title":{"rendered":"Busy Summer 2009, What Lies Ahead for New York Rentals?"},"content":{"rendered":"

July to August 2009 has been the busy summer 2009, full of exciting deals for the Manhattan<\/a> rental market! The amount of transaction volume has been miraculously high. Landlords everywhere are swamped with renters finally biting at some of the greatest deals in five years. Rents fell to approximately 2006 levels in Manhattan, but the abundance of no-fee<\/a> \/ free rent deals takes net effective<\/a> rents back to 2004 (sales are a very different story).<\/p>\n

New Management Companies Macklowe Properties sand Archstone<\/h2>\n

The next few months will be truly telling. Will landlords seize on the uptick to reduce concessions, or will the off-peak season scare more managers into marketing incentives. So far, the August data supports both theories. Macklowe Properties and Archstone have abruptly scaled back incentives in Midtown West<\/a>, as Longacre House<\/a> on 51st and 8th and Archstone Midtown West both ended the One Month OP + One Month Free deals.<\/p>\n

Others such as Rockrose has actually increased their incentives, offering a one-and-a-half month OP and two month free at 2 Gold Street<\/a> (show up without a broker and you might just get a net effective with three or three-and-a-half months off the gross). Some landlords are carefully managing incentives on a case-by-case basis. Stonehenge recently ended the one month OP + one month free at Ritz Plaza<\/a>, but in exchange began offering the deal at Olivia, Stonehenge 56, and 20 Park, among others (not surprisingly, all of the Stonehenge 56 units rented quickly afterwards, with the pace at Olivia brisk as well).<\/p>\n

As the busy summer 2009 comes to a close, we continue to make meaningful additions to the site that help renters find their next apartment.<\/p>\n

Editor’s Note: We updated this article to enhance readability.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

July to August 2009 has been the busy summer 2009, full of exciting deals for the Manhattan rental market! The amount of transaction volume has been miraculously high. Landlords everywhere are swamped with renters finally biting at some of the greatest deals in five years. Rents fell to approximately 2006 levels in Manhattan, but the […]<\/p>\n","protected":false},"author":4,"featured_media":19308,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[154],"tags":[67,91,103,106,126,141,143],"class_list":{"0":"post-3898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-trends","8":"tag-archstone","9":"tag-free-rent","10":"tag-longacre","11":"tag-macklowe","12":"tag-op","13":"tag-rockrose","14":"tag-stonehenge"},"yoast_head":"\nBusy Summer 2009, What Lies Ahead for New York Rentals? - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"description\" content=\"The busy summer 2009 was an exciting time for RentHop. The site developed new features to make apartment searching easier for renters.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Busy Summer 2009, What Lies Ahead for New York Rentals?\" \/>\n<meta property=\"og:description\" content=\"The busy summer 2009 was an exciting time for RentHop. The site developed new features to make apartment searching easier for renters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2009-08-17T06:08:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-08-17T06:09:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1707\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lee Lin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Lin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\"},\"author\":{\"name\":\"Lee Lin\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\"},\"headline\":\"Busy Summer 2009, What Lies Ahead for New York Rentals?\",\"datePublished\":\"2009-08-17T06:08:18+00:00\",\"dateModified\":\"2009-08-17T06:09:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\"},\"wordCount\":285,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg\",\"keywords\":[\"Archstone\",\"free rent\",\"Longacre\",\"Macklowe\",\"OP\",\"Rockrose\",\"Stonehenge\"],\"articleSection\":[\"Market Trends\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\",\"name\":\"Busy Summer 2009, What Lies Ahead for New York Rentals? - Real Estate Topics, Tips, and Guides\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg\",\"datePublished\":\"2009-08-17T06:08:18+00:00\",\"dateModified\":\"2009-08-17T06:09:45+00:00\",\"description\":\"The busy summer 2009 was an exciting time for RentHop. The site developed new features to make apartment searching easier for renters.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage\",\"url\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg\",\"contentUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg\",\"width\":1707,\"height\":2560,\"caption\":\"New York City rentals on a busy street.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.renthop.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Busy Summer 2009, What Lies Ahead for New York Rentals?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#website\",\"url\":\"https:\/\/www.renthop.com\/blog\/\",\"name\":\"Real Estate Topics, Tips, and Guides\",\"description\":\"Real Estate Blog\",\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.renthop.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\",\"name\":\"RentHop\",\"url\":\"https:\/\/www.renthop.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png\",\"contentUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png\",\"width\":1044,\"height\":266,\"caption\":\"RentHop\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/renthopapartments\",\"https:\/\/x.com\/renthop\",\"https:\/\/www.instagram.com\/renthop\",\"https:\/\/www.tiktok.com\/@renthopofficial\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\",\"name\":\"Lee Lin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g\",\"caption\":\"Lee Lin\"},\"description\":\"Lee is a data geek from MIT who spent years at quantitative hedge funds cranking out models to explain and predict financial markets. Real estate has always been a big part of Lee's life. He grew up helping out at his parents' Jersey Shore motels, became a landlord his first year out of college, analyzed mortgages on a fixed-income trading desk, and acquired a New York real estate license. At RentHop, he combines his nerd talents and real estate knowledge to constantly tweak the secret HopScore. He currently lives near Bryant Park and his favorite restaurant was Cafe Zaiya (now known as Tomiz).\",\"url\":\"https:\/\/www.renthop.com\/blog\/author\/lee\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Busy Summer 2009, What Lies Ahead for New York Rentals? - Real Estate Topics, Tips, and Guides","description":"The busy summer 2009 was an exciting time for RentHop. The site developed new features to make apartment searching easier for renters.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/","og_locale":"en_US","og_type":"article","og_title":"Busy Summer 2009, What Lies Ahead for New York Rentals?","og_description":"The busy summer 2009 was an exciting time for RentHop. The site developed new features to make apartment searching easier for renters.","og_url":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/","og_site_name":"Real Estate Topics, Tips, and Guides","article_publisher":"https:\/\/www.facebook.com\/renthopapartments","article_published_time":"2009-08-17T06:08:18+00:00","article_modified_time":"2009-08-17T06:09:45+00:00","og_image":[{"width":1707,"height":2560,"url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg","type":"image\/jpeg"}],"author":"Lee Lin","twitter_card":"summary_large_image","twitter_creator":"@renthop","twitter_site":"@renthop","twitter_misc":{"Written by":"Lee Lin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#article","isPartOf":{"@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/"},"author":{"name":"Lee Lin","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7"},"headline":"Busy Summer 2009, What Lies Ahead for New York Rentals?","datePublished":"2009-08-17T06:08:18+00:00","dateModified":"2009-08-17T06:09:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/"},"wordCount":285,"publisher":{"@id":"https:\/\/www.renthop.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg","keywords":["Archstone","free rent","Longacre","Macklowe","OP","Rockrose","Stonehenge"],"articleSection":["Market Trends"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/","url":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/","name":"Busy Summer 2009, What Lies Ahead for New York Rentals? - Real Estate Topics, Tips, and Guides","isPartOf":{"@id":"https:\/\/www.renthop.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg","datePublished":"2009-08-17T06:08:18+00:00","dateModified":"2009-08-17T06:09:45+00:00","description":"The busy summer 2009 was an exciting time for RentHop. The site developed new features to make apartment searching easier for renters.","breadcrumb":{"@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#primaryimage","url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg","contentUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/08\/Busy-Summer-2009-What-Lies-Ahead-for-New-York-Rentals-scaled.jpg","width":1707,"height":2560,"caption":"New York City rentals on a busy street."},{"@type":"BreadcrumbList","@id":"https:\/\/www.renthop.com\/blog\/busy-summer-2009-what-lies-ahead-for-new-york-rentals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.renthop.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Busy Summer 2009, What Lies Ahead for New York Rentals?"}]},{"@type":"WebSite","@id":"https:\/\/www.renthop.com\/blog\/#website","url":"https:\/\/www.renthop.com\/blog\/","name":"Real Estate Topics, Tips, and Guides","description":"Real Estate Blog","publisher":{"@id":"https:\/\/www.renthop.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.renthop.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.renthop.com\/blog\/#organization","name":"RentHop","url":"https:\/\/www.renthop.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png","contentUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png","width":1044,"height":266,"caption":"RentHop"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/renthopapartments","https:\/\/x.com\/renthop","https:\/\/www.instagram.com\/renthop","https:\/\/www.tiktok.com\/@renthopofficial"]},{"@type":"Person","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7","name":"Lee Lin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g","caption":"Lee Lin"},"description":"Lee is a data geek from MIT who spent years at quantitative hedge funds cranking out models to explain and predict financial markets. Real estate has always been a big part of Lee's life. He grew up helping out at his parents' Jersey Shore motels, became a landlord his first year out of college, analyzed mortgages on a fixed-income trading desk, and acquired a New York real estate license. At RentHop, he combines his nerd talents and real estate knowledge to constantly tweak the secret HopScore. He currently lives near Bryant Park and his favorite restaurant was Cafe Zaiya (now known as Tomiz).","url":"https:\/\/www.renthop.com\/blog\/author\/lee\/"}]}},"modified_by":"Allyson Waddell","_links":{"self":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/comments?post=3898"}],"version-history":[{"count":4,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3898\/revisions"}],"predecessor-version":[{"id":19307,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3898\/revisions\/19307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/media\/19308"}],"wp:attachment":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/media?parent=3898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/categories?post=3898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/tags?post=3898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}