Manhattan Rental Transactions Fall as Unemployment Rises: Video

106 views · Published 8 October 2009 · 1:59 · Indexed 20 September 2026

Channel: Bloomberg Originals · 2009 · News & Politics

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Oct. 8 (Bloomberg) -- Manhattan apartment rentals plunged 59 percent in the third quarter from a year earlier as job losses and discounts in the sales market sapped demand during the citys prime leasing months. New lease signings dropped to 2,549 from 6,208, according to appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate. Bloomberg's Gigi Stone reports. (Source: Bloomberg)

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