#upfront-costs

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New York Post
2 months ago
NYC real estate

Here's the shocking amount the average New Yorker spends in upfront costs for a rental unit

The average cost of securing a new rental apartment in New York City has become exorbitantly expensive, forcing tenants to remain in their units.
The high upfront costs, including brokers' fees, create a 'lock-in effect' where tenants can't afford to move out. [ more ]
www.nytimes.com
3 months ago
New York City

Boxes, Tape, $10,000: What It Takes to Move Into an N.Y.C. Apartment

Upfront costs for renting in New York City have increased significantly, making it difficult for prospective tenants to afford to move.
The average upfront cost of moving in NYC in 2020 was over $10,400, the highest in over a decade. [ more ]
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