https://blog.openigloo.com/top-5-big-residential-landlords-in-nyc-2022/ As median rents in NYC continue to rise, renters are left weighing the costs of moving or renewing. For the past few months, New Yorkers (especially in Manhattan) have experienced record lease renewals – sometimes upward of 50%. In June, rent increases on lease renewals for market-rate apartments averaged 13.8%. While 50%+ increases are slowing down, rent increases on renewals are still triple what they were during the same period last year.<br>Renters have been sharing details of their rental experiences and their renewals on openigloo. Many renters have reached out to us asking whether they should move or renew. Our advice is to research the rent prices in their neighborhood and see what others are quoted. For example, in Brooklyn the average June renewal was anincrease of 11%. This figure can act as a benchmark for those negotiating their rents. For those that decide to move, we encourage renters to research their prospective landlords to see what kind of rent increases they can expect to see. Thu, 21 Dec 2023 16:50:33 +0000 hourly 1 https://blog.openigloo.com/top-5-big-residential-landlords-in-nyc-2022/comment-page-1/#comment-398 Thu, 21 Dec 2023 16:50:33 +0000 https://blog.openigloo.com/?p=1014#comment-398 […] Related Companies joined the list for the first time, bumping Avalon & Ogden from the top 5. Last year’s rankings […]

]]> https://blog.openigloo.com/top-5-big-residential-landlords-in-nyc-2022/comment-page-1/#comment-250 Sat, 03 Jun 2023 01:03:32 +0000 https://blog.openigloo.com/?p=1014#comment-250 […] and 6.8% in April 2023. After a year of mostly double-digit increases, renters got some reprieve as landlords handed out sub-5% rent increases in the majority of cases. Notably, rent increases on lease […]

]]> https://blog.openigloo.com/top-5-big-residential-landlords-in-nyc-2022/comment-page-1/#comment-165 Fri, 12 May 2023 18:45:20 +0000 https://blog.openigloo.com/?p=1014#comment-165 […] were standard. However, the majority of lease renewals are still in the sub-5% range. Meaning, landlords are increasing rents less than 5% when their tenants are up for renewal. Notably, rent increases in […]

]]> https://blog.openigloo.com/top-5-big-residential-landlords-in-nyc-2022/comment-page-1/#comment-19 Thu, 22 Dec 2022 20:55:52 +0000 https://blog.openigloo.com/?p=1014#comment-19 […] In New York, renters are responsible for paying the broker when they sign a lease. In many states, landlords pay this fee (but not in New York). However, there are no fee apartments in NYC – this is […]

]]> https://blog.openigloo.com/top-5-big-residential-landlords-in-nyc-2022/comment-page-1/#comment-17 Wed, 21 Dec 2022 23:37:47 +0000 https://blog.openigloo.com/?p=1014#comment-17 […] app, and you can get a snapshot of all the city data that’s available on that property and landlord. One renter shared that accessing this data helped them avoid a nightmare building: “I was about […]

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