Rent Increases Lead to People Moving in with Roommates

Home » Rent Increases Lead to People Moving in with Roommates Weber Realty is experiencing massive demand for rental apartments in New York City. Demand was higher in 2021 than in 2020, but at prices that were lower than 2019. After experiencing what seemed to be a market reset in 2021, this year has been a gigantic growth period for the New York real estate market. As a result, those apartments with roommates needed are increasing. A two-bedroom, in Lenox Hill, was rented 41% higher than what it was the previous year. The requests to see the two-bedroom was even greater. On StreetEasy, the two-bedroom received 44 saves per day this year as opposed to 8 last year. This led to the apartment being rented before an open house was initially scheduled because of the high demand. In the same... Read the full article: https://weberrealty.com/rent-increases-lead-to-people-moving-in-with-roommates/