"People who work in finance, tech and fashion focus on specific buildings, like a club that they want 'in on' - buildings like 220 Central Park South and 445 Greenwich," says Francis Katzen of Douglas Elliman.
"My clients are willing to pay a premium for 220 Central Park South because it offers more than just luxury living - it's a gateway into an exclusive community of billionaires and global influencers," says Jessica Campbell of Nest Seekers.
The amount of households racking in at least $750,000 and choosing to rent went up 10.5% between 2018 and 2022, according to the recent Federal Reserve's Survey of Consumer Finances.
Not only are the well-heeled choosing to rent in the city, they're doing so strategically.
#luxury-rentals #wealthy-renters #manhattan-real-estate #exclusive-communities #housing-market-trends
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