PC: Curbed
FitSmallBusiness recently compiled a list of insight from leading experts in NYC real estate. It is no surprise that they included Mirador broker Neeta Mulgaokar, who has a deep understanding of the market and offered quite a bit of insight into summer trends.
"Amenities and perks have become tremendously important in getting extra dollars per square foot on a rental unit. Amenity-rich buildings are faring well against lower priced competitors without amenities because of the additional amenity space and oftentimes events that accompany these products. Tenant events and perks drive tenant retention as neighbors can become friends and tenants begin to rely on a certain level of service which influences their decision whether to stay put."
Read about other market trends from FitSmallBusiness here.