According to a recent report, the Manhattan vacancy rate is decreasing even as approximately half of the apartments rented were rented with some sort of concession like free month’s rent. As inventory has increased in the last few years, landlords have adjusted their expectations and as a result the vacancy rate has decreased even in one of the slowest months of the year for Manhattan rentals.
The Author- 
Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.