It was a merry month of May for Manhattan apartment renters. A supply glut saw incentives -- such as a month of free rent or payment of broker fees -- in 13 percent of new leases, a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate showed. Last May, deal sweeteners were offered in just 1.6 percent of new leases.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE