Landlords Lowering Rents To Keep Tenants

Rent Reductions Part Of The Stay-Put Incentive

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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