Manhattan Retail Shows Signs Of Life As Office Market Lags, Wall Street Rallies, Oil Jumps As Data Strengthens Fed Pause Bets, New Law Spells Dramatic Change To Short-Term Rentals In NYC

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Manhattan Retail Shows Signs Of Life As Office Market Lags

After a long, tough three years, the market for retail space in Manhattan is warming up. Business may lag 2019 levels, but it’s good enough and rents are down enough to start luring merchants back into storefronts that were empty for a long time. Rents are at a healthy level for both tenants and landlords. (Read more)

Wall Street Rallies, Oil Jumps As Data Strengthens Fed Pause Bets

Wall Street advanced and crude prices surged last week as robust economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week. A broad rally sent all three major stock indexes higher, with the continued upward trajectory of oil prices putting energy stocks (SPNY) on top.

(Full Story)

New Law Spells Dramatic Change To Short-Term Rentals In NYC

New NYC rules on Airbnb's and short-term rentals went into effect on Sept 6th with tens of thousands of illegal short-term listings expected to be affected. Under the tighter regulations, eligible hosts must prove they live in the dwelling they are renting out and that the home is up to municipal safety codes and other regulatory requirements. (Full Story)

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Manhattan Retail Shows Signs Of Life As Office Market Lags, Wall Street Rallies, Oil Jumps As Data Strengthens Fed Pause Bets, New Law Spells Dramatic Change To Short-Term R...

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