Sentences with phrase «more market rate apartments»

Not exact matches

The de Blasio administration already received $ 300 million during the first half of the calendar year and was hoping for at least $ 200 million more to finance construction of below market - rate apartments.

More than 1,800 market - rate apartments in the city are becoming rent stabilized under an agreement announced among landlords, Cuomo, Blasio, and Attorney General Eric Schneiderman.

More than 1,800 market - rate apartments in the city are becoming rent stabilized under an agreement announced Thursday among landlords, Mayor de Blasio, Gov. Cuomo and Attorney General Eric Schneiderman.

That allowed landlords to start charging market rates for rent - regulated apartments leasing for more than $ 2,500 — provided that the apartments had become vacant, or that the tenants in them earned more than $ 200,000 a year for two consecutive years.

The mayor will push for construction of 160,000 new market - rate apartments in addition to more affordable units.

After the tech hub is erected, one theory goes, more residential and commercial development — such as luxury and market - rate apartment buildings, chain stores, and hotels — would change the community character, make the surrounding areas less affordable to small businesses and unrecognizable to long - time residents.

Ms. Olatoye's proposed program would use open space at the developments to construct 13,500 below - market - rate apartments — contributing to the mayor's ambitious affordable housing agenda — and 3,500 units for more upscale tenants.

«Going forward, market - rate apartment development will be more spotty,» says Dennard, «but I do think we will see more signs of that in the first quarter.»

Even as new apartment completions bring more supply to many markets, the multifamily sector will still likely see a vacancy rate decline from 6.6 percent to 6.1 percent.

Even with more supply and weaker demand, the apartment market in two years should still be strong enough to support rents that, on average, will grow faster than the rate of inflation, experts say.

Now, apartments will traditionally have more appreciation than mobile home parks just because rents are more likely to increase at a faster rate depending on the market.

As far as it being silly the market dictates the rent, try to rent an apartment 25 more than the going rate.

The shopping center and apartment sectors softened enough during the first quarter to prompt Moody's to place them in the so - called «yellow zone,» where the ratings agency considers market well being to be more...

«The suburban Chicago apartment market has been accelerating and more borrowers are looking to lock in favorable, long - term loan rates, which we were able to deliver for both properties.»

Real estate brokers say that in the last year, they have seen more parents shopping for apartments for their grown children, hoping to take advantage of low mortgage rates and apartment prices that are still about 20 percent down from the market's peak.

Apartment renewal conversion is trending upward While renewal rates can differ market by market, the national resident renewal level has been trending upward for more than five years.

The shopping center and apartment sectors softened enough during the first quarter to prompt Moody's to place them in the so - called «yellow zone,» where the ratings agency considers market well being to be more fragile.

«The fact that more renters are entering the market continues to create a series of challenges for the potential renter, including fewer apartments to choose from, which can drive higher rent rates,» says Chris Brown, vice president of product management, Apartments.com.