Short Term Actions, Long Term Thoughts: Today's Rental Market with Gary Malin

Corcoran's COO Gary Malin joins Noah Rosenblatt and John Walkup of UrbanDigs for a deep dive into the current rental market. Gary knows these markets like no other and he doesn't disappoint: nuggets of wisdom for all inside! Gary's page at Corcoran: https://www.corcoran.com/nyc/AboutUs/Display/3535 Topics include: (0:32) The true vacancy rate is probably closer to 20% (3:00) When does the rental market shift positive? (5:42) "4x as much property on the marketplace right now" (7:18) Concessions and dealing with 'great hunters' (10:07) Sales market is long term, rental market is short term (12:58) Advice for talking to landlords and owners (15:12) Reflecting on the rental market's epic downturn (18:30) If you marked to market early, it wouldn't hurt so much now (19:07) Owners are not willing to do long term leases at this point *Pro Tip* There are some cool pro-2-pro discussions in the forum! https://www.urbandigs.com/forum/index... Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-... For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/ Sign up to get UrbanDigs insights delivered to your inbox each week: https://tinyurl.com/TalkingManhattan