The New York properties rental market welcomes new additions with the opening of two rental towers in the Upper West Side area. The new rental properties require higher rents and are considered far cries from the usual for rent properties seen in this part of the city.
Property rentals throughout the country are being battered by falling occupancy rates and rental rates. Phoenix and Las Vegas experienced the biggest drops in rental rates, posting drops of 8.7 percent and 8.2 percent, respectively.
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