| The Big Apple is always the place to be, and Walker & Dunlop SVPDrew Aderman is the man who ensures that New Yorkers have aplace to live (sort of). The commercial real estate financial firm is thefirst stop to acquiring New York’s multifamily assets (since the bead trade system is so passé). Drew reports that the market is strong,rents are increasing, and concessions are scarce. As for weathering the recession: “New York was hit, but not nearly as hard.” Assets are ripe for the picking with new tenants pouring into the city; Manhattan is boasting a 2% vacancy rate, and other boroughs likeBrooklyn and Queens are holding at nearly 4%. With attractive stats like these, investors are loosening the purse strings for New York gems. For more info on Walker & Dunlop, go here. |
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