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A comment on Did New York Lose Anything with Amazon’s Rejection? It’s Complicated. Parent comment

Re:Did New York Lose Anything with Amazon’s Rejection? It’s ... by whatok on Friday February 15, 2019 @11:41AM (#19172283)
There are a lot of vacancies and nearly unheard of concessions being thrown out there. A ridiculous amount of construction as well. If there's prolonged weakness, concessions eventually turn into rent decreases.

https://ny.curbed.com/2018/4/12/17227574/new-york-rent-marke...

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Re:Did New York Lose Anything with Amazon’s Rejection? It’s ... by tfehring on Friday February 15, 2019 @12:09PM (#19172608)
All of that seems good and necessary - given that the median net effective rent is still over $3k/month in Manhattan, and that there's apparently room to profitably continue building, it sounds like things are headed in the right direction.
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