Posted on November 1, 2020 by Eileen BeckManhattan’s Rental Market Is All About Concessions And More Concessions A perfect storm was created as renters became buyers choosing the suburbs of New York, New Jersey, and Connecticut. Related posts: What are the Biggest Real Estate Markets in the US and Why are they Successful When Other Markets are Not? The New York rental market is only getting worse as vacancies hit a record Manhattan rental market plunges, leaving 15,000 empty apartments in August Empty rental apartments in Manhattan triple, nearly hitting 16,000