Sentences with phrase «of soaring rents»

Clothing designers, manufacturers and local politicians gathered Tuesday at a rally to help businesses like Cohen's stay afloat in the face of soaring rents, outsourcing and a recession.
A combination of soaring rents, cuts to benefits, and a shortage of social housing has created a crisis in affordable housing in the capital.
The report found that shelter costs rose by close to six per cent this year to $ 76 a month because of soaring rents in Vancouver and «modest» increases in utilities and telephone expenses.
As the crisis in available office space in the CBD continues, building owners are bringing refurbished space back into supply this year to take advantage of soaring rents.

Not exact matches

Soaring rents in the retail sector have prompted calls for a register of leases and a rebalance of power between landlords and store owners.
Amazon has a domineering presence in the city, where longtime residents have complained of rising traffic, soaring rent, and constant construction since the e-commerce giant moved in.
Soaring prices are hitting the vacation home market, as a growing number of Americans now choose to rent rather than buy their beach and mountain homes.
Rents for so - called Class A office spaced soared 17 % last year, but are still half or less of those in London and New York.
The lack of building is credited with contributing to soaring rents and home prices in the county.
Slammed by soaring costs for food, labor and rent, New York's bars, restaurants and nightclubs are using a growing crop of third - party apps and services to rent out their dining rooms, coat - check areas and even their bathrooms to make extra cash.
With the cost of London rents soaring, these plans don't fill campaigners with much joy.
Those living in London are hit by the benefit cap, as if the soaring cost of rent in the capital is their fault.
«At a time when average New Yorkers are paying an unsustainable 40 % of their income towards rent and many of us are being driven out of our neighborhoods due to soaring costs, Airbnb's worst users are contributing to a shortage of available and affordable housing,» the email says.
This would also raise the cost of renting privately, which flies in the face of his criticism that rental prices are already soaring.
Organizers explained that Harlem had been chosen for the protest as it represents a neighborhood in flux, where soaring housing and commercial rents threaten to undermine the community's historic composition of working - class and middle - class life in New York.
With soaring rents and a lack of social housing, this has left many facing homelessness.
According to Silver's attorney, he was a «great champion» of tenants rights during a time when rents in New York City have soared.
The Tories don't agree — despite copying Labour's «better off» slogan they believe soaring rents, rising energy bills, inflation - busting fares, are all the «inevitable» impact of market forces.
Leaked documents obtained by this newspaper expose the true scale of the «social cleansing» taking place across the capital as a result of welfare cuts and soaring rents.
«At the same time, with the cost of living rising and rents soaring, New Yorkers feel squeezed, and unnecessary fines or overly - aggressive enforcement don't help.»
The soaring growth of @Airbnb is pushing up rents throughout NYC.
«Secondly, the soaring rents that seniors can no longer afford to live in their homes, and low - income families are getting squeezed out of community.»
He argued rents in the private rented sector had been soaring because landlords knew a tenant's rent would be funded by the state through a local housing allowance, the equivalent of housing benefit in the private rented sector.
His crime novels are set in the «60s but many of the sites were still recognizable even though the bars, like a lot of local food and drink establishments in the city have been forced to shut down due to the soaring rents.
On the other hand, if you're renting while you save up for a home, and you're concerned that real estate prices will keep going higher, you can buy real estate trusts as a partial hedge against soaring property prices â $» if home prices go higher, so, too, should the value of your REITs.
I rented through most of the 1980s, all while Toronto real estate was soaring.
Costing a then - record - setting $ 1.8 billion in early 2007, the building would later become a symbol for a period of irrational exuberance in U.S. real estate, where a belief in forever - climbing rents sent values soaring.
In 2015, San Francisco and the surrounding area had some of the highest - priced office rents in the country (and office rents continue to soar) while...
After the housing market crashed, more people opted to rent than prior to 2009, and net absorption soared in the early years of the recovery...
It's part of a Manhattan - wide space glut as retailers — buffeted by e-commerce, tepid demand for luxury goods and a strong dollar that's eroded tourist spending — push back against rents that have soared to records.
This year's survey also brought to light how the soaring cost of rent in many areas is likely influencing the decision of middle - aged parents to buy a home with their young adult children in mind.
While soaring real estate prices and ludicrous rents have ceased being news in places called Pacific Heights or Park Slope, the dual tsunamis of gentrification that submerged both coasts are moving inland, threatening small and midsize U.S. cities where the idea of spending half of your pay on rent was once inconceivable.
There has been a recent soar in the popularity of turnkey rental properties over the last few years, especially among those people who want to tap into the world of real estate investing but don't have the necessary amount of time to dedicate to flipping, renovate to rent out or even simply try and scour for a great deal on a distressed home.
There has been a recent soar in the popularity of turnkey rental properties over the last few years, especially among those people who want to tap into the world of real estate investing but don't have the necessary amount of time to dedicate to flipping, renovate to rent out or even simply try and scour -LSB-...]
A version of this article appears in print on December 7, 2012, on Page A1 of the New York edition with the headline: Soaring Rents Drive a Boom In Apartments.
And those being priced out of home ownership are leasing apartments instead — driving up already soaring rents in the city, according to Urbanation, a market analysis firm.
Canada can look south of the border to see how the push for legal pot sent rents soaring.
San Fran's price - rent ratio of 45.88 is reflective of a market that is highly unfavorable to buyers, although with rents soaring that may soon change.
Though some political instability and pockets of overbuilding keep expectations from soaring too high, the general consensus is that most markets will gain rents and occupancy by 2016.
As rents have soared the past few years, and home prices have recovered from the housing crash, Attom Data studied markets throughout the country to determine whether renting or buying a home made more sense based solely on the percent of income a person would need for each of the housing choices.
While limited inventory, tight credit and down - payment requirements make it hard for many millennials to achieve the American Dream, soaring rents and the likelihood the Federal Reserve will increase interest rates later this year may drive more of them to explore buying, said Stan Humphries, chief economist at Seattle - based Zillow Group.
Rents are soaring and demand for apartments is historically high, but some developers and landlords are overestimating the strength of the U.S. apartment market — and paying for it in quarterly earnings.
With # 60k - a-year rent becoming commonplace, central London is turning into a «millionaires» ghetto» as oligarchs and members of the global jet set send property prices soaring
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