August 26, 2010 was filled with interesting surprises! For the last two years, the rental market in New York has been favorable toward renters, but now that has apparently changed. According to The Wall Street Journal, rental activity levels in Manhattan continue to heat up. The article mentions Harlem and reports that prices on studios with doormen are on the rise in Harlem. They’re up around 5 percent. Wow. How did that happen? What happened to the double dip recession? I guess it bypassed the NY rental market!
After I read that article, I turn around and read an email from a reader telling me Marcus Samuelsson released photos on his website about the latest construction happenings with Red Rooster. Along with the pictures, Samuelsson states he is “super excited for the opening and it feels like the community is sharing in the excitement too!” Awh…that’s nice. I just hope the opening of Red Rooster is soon!
See what happens in a course of a day. The rental market heats up and Red Rooster pictures appear! Only in New York…right?