He largely credits a confluence of demand, the "Millennial generation" hitting the prime renter ages of 20 to 34, empty nesters looking to simplify their lives, and strict mortgage underwriting and rising interest rates that have helped fuel a preference for renting over owning.
These offices command a rent premium over raw space and, perhaps more important, rent quicker, providing the owner with an early cash flow, he added.
"I respect Ms. Crane and her family," Ms. McCune said, "but we had a rent reduction over three years because they weren't making repairs".
Armando Buria, who lives in a building on West Street -- where many tenants are on a rent strike over environmental issues and rents -- said that while the air is definitely cleaner now than it was a few months ago, he still does not want to be exposed to it.
For this study, we looked further into Brooklyn, and what's going on over there, and it looks as if the apartments that have been relisted for rent in Williamsburg the past two years, we see that almost half of those apartments have a rent decline over the past two years.
One of the building's only other tenants, SkyBar, is currently suing DDI over a rent dispute.
In May, students embarked on a rent strike in frustration over, what they sawn as, the university's deplorable disregard of their welfare.
The property group - which was recently ejected from the FTSE 100 after warning of a glut of available space for rent - has turned to the high court to break the deadlock in a lengthy dispute over a rent review.
Prosecutors said Mr. Sirico fired the shot after overhearing a comment Mr. Munoz made while watching Mr. Sirico and his roommate argue over a rent payment.
CBGB was forced to close on October 15, 2006, over a rent dispute.
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