Landlords Lowering Rents To Keep Tenants

09/10/2009 05:12 am ET | Updated May 25, 2011
  • ELIZABETH A. HARRIS New York Times

SPRING and summer are usually busy seasons for the New York City rental market. And after an extraordinarily slow winter, deals have picked up.

The true lifeblood of the rental market, however, isn't warm weather. It's jobs. And those are projected to be scarce for some time. So as owners cast a wary eye toward fall, some are taking action to stave off vacancies.

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