New York is one of the most competitive cities in the world, and its real estate market is equally intense. At any given time, the vacancy rate in Manhattan averages around 2 percent and is much less for lofts.
The decision to buy or rent a loft in Manhattan is an important and expensive contract to enter into. It binds you and possibly others into a multi-year obligation of money, responsibility, and lifestyle. With all of this in mind, the assistance of a licensed real estate broker can help you sort through legal and business considerations and give you the confidence to make the right decision.
Manhattan Lofts, Inc. is an experienced real estate brokerage firm. Its agents specialize in the loft real estate market and know the ins and out of the process. Whether you're buying, selling, or renting, they have their eye on the market daily. As well has serving as your advocate, they can negotiate on your behalf and guide you through the complexity and range of considerations you'll face in today's dizzying marketplace.
Real estate brokers and the agents who work for them are licensed by the State of New York. Their activities are regulated by laws, which are designed to protect the consumer. In the New York City rental market, the broker is traditionally your representative. He or she is working for you and will guide you through such considerations as:
A broker will save you the time and frustration of running around to see lofts that may not meet your specifications or have already been rented. Brokers often learn about loft apartments for rent before they are vacant and advertised. This can cut down the competition in the application process since fewer people even know about the vacancy. The best brokers are familiar with hundreds of buildings and can advice you on the best layouts available, what is coming up in a particular building and other inside information.
There is no cost to you to look at lofts with a broker, ask all the questions you need to ask, see what's out there, and learn all there is to know about the market.
For more information and advice on how to rent a loft in Manhattan, see Where to Start