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Tenants locking in longer leases as apartment rents rise

13 days ago   |   By The Real Deal New York

The days where you could easily score a Manhattan apartment for under $3,000 may be almost over, but tenants have a plan: Sign longer leases. As concessions fade and rents creep up in Manhattan, Brooklyn and Northwest Queens, tenants are signing longer leases to lock bargains in, according to the latest rental market report from Douglas Elliman. In Manhattan, 9,491 new leases were signed in May, while Brooklyn saw 2,506 new leases. It was the
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