Rent Forecast

There’s snow in the forecast, and not a single day in the next month is expected to reach 32 degrees or higher, so when’s a better time to move? As brutal as New York’s winter is, the real estate market depresses its prices during the cold months. “The New York City residential rental market is seasonal, with the highest rents of the year coming every August and the lowest every February,” said Jeffrey Schleider, managing director of Miron Properties. “Renters in the market now can expect the best deals of the year with many landlords offering to cover the brokers fee and/or give a free month’s rent.” Landlords do not need to be the ones to offer, either. Prospective renters have just as much of a right to bring their own terms to the negotiation table.