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What the buyers are mainly relying on, they report, is the steady rise in overall rents.
The price increases come as the gap narrows between overall rents in northern Brooklyn and Manhattan.
Though the stately avenues of Fifth and Park are as exclusive and expensive as ever, overall rents in the area have slumped, as higher earners have moved to hipper areas.
"We would make up for the lower rent because that store would presumably drive foot traffic to the pier and allow overall sales — and thus overall rents — to increase," Mr. Beloff said.
We expect strong competition to depress the overall rents accruing and thus workers' wages in general.
"With vacancy rates being so low, it pushes overall rents up," she said.
Similar(54)
Overall, rent comes to just under £2,000 a year with services at just under £900.
Sir Howard Bernstein, the council's chief executive did, though, disclose to the Guardian that the overall rent paid by City will now increase to "circa £4m a year".
The reason is that qualified nonprofit groups are exempt from real estate taxes, which Mr. Schuman said could represent 20 to 25percentt of a tenant's overall rent.
In the decade ending in 2000, overall apartment rents soared, according to census figures compiled by the Furman Center for Real Estate and Urban Policy at New York University.
According to a quarterly report released in December by the Knight Frank real estate agency, overall residential rents rose 16 percent in 2010 and 19 percent since their low point in mid-2009.
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