Short Term Actions, Long Term Thoughts: Today's Rental Market with Gary Malin Talking Manhattan

Corcoran's COO Gary Malin joins Noah Rosenblatt and John Walkup of UrbanDigs for a deep dive into the current rental market. Gary knows these markets like no other and he doesn't disappoint: nuggets of wisdom for all inside!

Gary's page at Corcoran: https://www.corcoran.com/nyc/AboutUs/Display/3535

Topics include:
(0:32) The true vacancy rate is probably closer to 20%
(3:00) When does the rental market shift positive?
(5:42) "4x as much property on the marketplace right now"
(7:18) Concessions and dealing with 'great hunters'
(10:07) Sales market is long term, rental market is short term
(12:58) Advice for talking to landlords and owners
(15:12) Reflecting on the rental market's epic downturn
(18:30) If you marked to market early, it wouldn't hurt so much now
(19:07) Owners are not willing to do long term leases at this point

*Pro Tip* There are some cool pro-2-pro discussions in the forum!
https://www.urbandigs.com/forum/index...

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Link to our overview of Manhattan or Brooklyn real estate stats:
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