Price growth will slow in Manhattan and continue to accelerate in other boroughs. There's no doubt that million dollar condos have been popping up left and right. There will be, however, about a 50% decrease in the growth rate. Brooklyn and Queens, on the other hand, will continue to experience an influx in demand - pushing prices.
Amenities are being put to work. In ground pools and fitness areas are included in rent but rarely get used. To switch things up, events and programs will be used to ensure these spaces are taken advantage of. It's a good way to keep residents for a longer period of time and support good value.
Making room for roommates. Developers are not blind to the fact that young professionals are gravitating towards the city but without the funds to afford a one-bedroom apartment. To address this need, "micro-suite" models are being created to accommodate three tenants in smaller bedrooms.
There's a great deal more where these trends came from. For more of what you can expect to see in 2015, visit DNAinfo »
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