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Concessions hit record highs once again in Brooklyn and Queens

Concessions hit record highs once again in Brooklyn and Queens

The rental markets in Brooklyn and Queens kicked off 2018 by once again setting new records for the amount of deals that include concessions, according to a report from Douglas Elliman. In Brooklyn, the amount of new rental transactions with concessions or where the owner paid the broker commission was at 47.5 percent for January, a massive increase from 18.1 percent a year ago, while in Queens, it hit 50.8 percent, up from 38.5 percent […]


Source: realdeal

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