, 1870-04-17
REAL ESTATE,
The Present and Prospective
Tendency of Rents.
Increase in Real Estate Sales--Trans.
fers for the Week

Just at this season Of the year there ia general
interest To regard TO ren Of all kinds It is Al
ready well known that this yesr tho tendency is IN
favor Of tenantg because there Is larget Sulpius
Of both houses and stores than usual but tenans
should not deceive themselves into the notfon
that they arc going to gel tne use u
houses and Btores for next TO notnins.
Business has been greatly depressed lot the las8
4,x mouths, and owing to the general dtnsnutton
~ tncomes there WIS general movement to get
fnto cheaper dwellings, THIS has made less de-
maud for expensive dwelling houses, bnr t1s
movement has had the enect 70 maSe gpoa
11,nrr neY customers for cheaper ones, 80 tnat
ast 1car for from 900 to IS about Is to
ssn Tee AZ oW SEQ
isst Tear. In some localities there ds no reduction
pn such houses at all. and the only concession
renair. 10 that they look attractive. There Is,
however, a strong movement on the part Of ten
ants 10 have thelr reduced. and IN some guar
trrs Of the city-as, for instance, on the North
side. and particularly N the vicinity Of Lincoln
Pnrk-we notice great many houses arc being
vacated By tenants who nave not oeen aole 10
secure such reduction as they feel entitled 70.
Hus while man can live as comfortably In one
quarter Of the city as another, and can ~ some zone
assa {ass Is good sood % Sonse by moving 70 aome ohef
Quarter than the one he bas lived In, he can only
do business in certain localities, and there y con-
decline At ali. There seems reason for thinking
that the depression of busDess VIII ao1n nsGin Peg @ .9
the chief causes Of depression, could not
exert much further unfaYoEable influence, even
now decline permanently to par, ii would be the
means Of greatly increasing the money In ctIculae
tCn, and giving great Impetus 70 business at
once Congress seems disposed not to act hastily
On thc banking clanses' Of the Funding b!ll7 and
there Is reasou to hope the fear Of IN
the currency may not be realized Under tnese
circumstances, 1t Il not unreasonable to expect
that wc may this year. begin to realize some OF INC
hopes thnt have been entertained OF Increasing
business from the completion q The Paelnc Ks.
changes that may take place In the business onI-
look Will be for the better. A good many business
men Eeem to understand this and there = s. conse f
uueutly more disposition to rent Etorcs In tI favnf-
| anle localities. There are not half 50 many un-
occupied stores on Lake street east OF the Iyer as
readily on State, y abash, Michigan, Washington,
Randolph or Lake, east Of ClarH street, a. 1o'l
| figures: ,.,,, ,,,,,,,
below, that the volume of business In real estate
Is Increasing, the total amount Of ans1es lot the
week being nearly milton aol!ars =, TIE rns, 'aes s
nas usually been IN March and April but there ale
some reasons for thinking that the season Of great
asv nay Fl Fors ss15 ne snd aas q it,
| FeaT. &c Confidence in any lind Of Investment was
very much unsettled. People who @ haa
| money 1Q0QEQE kuG Rtb% b44Ah4 %+ASJ
cnuid do was to hold On 4
It and do nothing The great depresson o. 81, 5ust
! ness and decline Of prices and rents 1or real Is
ate in so Important city as New YoIf. made
many people fear that the same would be 81: sA
tinfarorahle aspect Of property Interests in New
York, however, is nov believed to BE- one % n. IN,
decline in the gambling In stocks aud gold waict
has for nine years psst been so prominent dea
ture there Tins, TINT which has been nenent =
legitimate trade everywhere Is the cause o
a much greater depression in New YORK than any
where else The reasons giyen above 10
expecting revival Of trade here will also apply =
the revival Of activity In real estate and 1t IS no
| Improbable that there will be more confidence AM
| ectiyltF In May than at present
I The direction In which the growth OF porulatlo
In the city is most decided, Is pretty well indlca
: ted In the table below, BY the nrepondeIanee Q
sales Of ground south Of the old limits Of the cts
/ as comuafed to the same In any other direction.
| The following table shows the volume and teu
dency Of transactions In real estate situate withi
radius extending seven miles from me Eour
House during the week ending April ID, the aERrG
gate voiume in each direction, and the total IN al
being compared with the same for the four prev
] FSJa1