New-York tribune., 1874-04-25
SPRING RENTS.
IN Nrw YORK AND SUBURBS.

AND BROOKLYN.
In ordinary seasons the basis OF rehtas /"
,.o,shlv determined many days before this' anu "
O., tse larger part Of the tenants nave maue 'ne'
,oonts ~ for the year following May l. The state VI
sic, s widely different this year The generai uep,os
n,oh came after the panic led tenants to expect Ina'
od,orSis wond readily agree to large reductions 'uS
sring while the enforced economy OF many VI 'o
o,,ng class caused them 10 insist upon naVlns '"'i
noctstions met when Spring opeDed. But IL business
-, aocl,ned taxes have not, nor mas inc oos'
:, bu,Idns operations been reduced; hence pro
- ouners have been extremely reluctant 10
I'VE way in rents. The antaeonism OF interests mas
oade the renting business very backward ana uu'
nts rarely admit this without qualification out .ner
pss OF desirable property still unrented, ana 'he
her Of paeards which thcky stud the streets OF tne
,v together with the frank admissions OF rev proml-
", md thoroughly trustworthy brokers' show how the
,,,er really stands Such arrangements as were maze
IN the early part Of the DeSeen owners ana oc
napts did not involve very heavy concessions except
m nroperty which had been held at exravagant rentals
hut the discouragements of the coming OF the
eveuth honr in the renting day with very
n,,le dome and with an apparent widespread
so,ermipation among tenants TO have cheaper rents
" they had 70 seek quarters unknown 10 iashioh lh
,be CITY, or to go into the country in order 10 secure
Them 80 much disqmeted landlords that the market
has been and remains much disoreanized Ine engage
onts which are made daily more favorable to ten
and the persistent propertyhoders who have chung
., their standard OF last year havei been shaken in
,hc,, resolve II is true that great many
have not given away much, and some de
clare that they will hold over till Fdu rather
than LET their buildings at what they consider ruinous
,criaces hoping FOR revived trade and easier terms be-
tore then What changes have been made in the re-
ouirements of the various kinds Of rented property,
what arr the tendencies Of and of store
spd Office seekers we and in general the variations
an rentals from last year may be gathered
from the full statements OF the most prom
neut real state agents OF the city covering diverse sec
uons which are given herewith They differ somewhat
,u minor details but the declarations of the most
,aneuino If more guarded not directly opposed to
the statements OF VINO most plainly and fully set
forth tine existing depression In brief. II may be said
that the limited number OF nrstclass dwellings in the
,ity has prevented a great fa in the rates set upon
tbem that unusually urgent call for residences OF
moderate rental and the small additions that have been
made 10 the number of these Of late years IN convent
tnly accessible quarters OF the city, sustains the de
mauds OF their ownors 10 IA good extent. In the
dwellings Of the lowest class and IN tenementhouses
there is little decline IN rents, hut there has been
through tue wuter difficulty IN collecting them.
aud this has not yet passed away. In
wholesale stores where leases have run
out there have been heavy falls in rents;
nretai stores and Offices not much. Great numbers
Of these latter throughout the city empty or will be
empty soon. Trade TINS year does not encroach on
squares ana avenues fashionable ana unfashonabe as
40 the past Leases of AL kinds, both dwellings and mer
fan,e structures are closed for much shorter terms
than has been usual in previous years.
WHAT THE DOWNTOWN AGENTS SAY.
Brokers IN Pine and warren-sts where a great part
Of the renting done in the city is concluded are
10th 10 admit any sero1s break in the rent market
They put as good salfaCe upon the matter as possl
BILE ana speak OF possibilities OF revived activity. All
admit however, that renting has been backward
1tUf fine and al
very reluctant 10 yield anything on account of high
taxes and the great cost Of bdiidngs, they are
Obliged to reduce generally except upon mddie-class
dwellings. Iu these there is tendency TO clip oil ODD
hundreds or dfes, and owners are more ready than
hitherto TO make needed repairs In Office aud store
rents there is marked persistency. on the part
of tenants for reduction rents and gen
orally forced 20 give 10 per cent or more.
Homer Morgan of No Pine-st. said that the small
amount Of building this year, aud the high taxes made
il mpraccable for landlords in general TO make so
heavy reductions in tenants expected The DIS
lance OF rapid transit in the future prevents taking that
as au element into the calculation. Renting has been
very dun in all parts OF the city. In the brokers offices
the lists of buildings let unprecedeDtedy long for
this time IN the Applicants have been holding
back persisently looking for great decrease in rents
There mas been approach 10 activity in middle
class ings tine rents of which from 800 to
& 500 and the resolution OF landlords 10 sustain their de-
nauds led Inqurers TO some extent 10 certain sec
lions Of the city which have not been request of late
,ears MANY of the hgh-priced houses will be
retained 10y their present teOants with eondeiaDe con-
ressous from owners. Some Ian uord have made eAten
sNe reductions retain desirable occupants In houses
ranging from 81 TO $4,000 renalsowners have been
very slow 10 Weld and tenants have given up something
of their expecatons Business in these has been
backward and there must be good deal OF activity IN
the closing part OF 10 get matters settled SO
Tar a. the experience Of one broker goes there has
not been much inquiry for out-ottown dwellings
a. 10 former seasons. In this as IN other lines OF
rents there have been dulness and taTdness. There
Is not 50 much call for houses TO rent IN the new
wards as was expected. IN store property through
out the city there has been notable hesltahcy
In making engagements, especially In the renting
Of large wholesale Few new stores have been
butt and a much smaller number OF buildings altered
iuo this than for many preceding years
The limits OF business have extended very httIe FOr
retail stores there has inquiry than for the
great establishments. Most Of these wAich have been
taken have gone OF only by means OF extensive conces
In Office there is also considerable failne on
t. II Ludlow OF No Pine-st said that OF late years
people had got the OF renting early ana late
very little business done ia the latter part of
March aud the first part OF April The early business
th year had been dull and late business was very
backward. Dgengs the rents OF which had been over
tsOcO poor request. Tenants Of this class OF
bgdngs are strenuous for reduction, and we have ad-
vised landlords cut down ten per cent All ex-
sept few obstinate ones will decrease their rents as
much as that. The Summer exodus, however always
makes the highest priced houses slow TO 90 on IN the
Spring compared with the Fall Houses with rents from
81 go 10 81 have been in good demand and owners
have been able generally 20 keep up their prices An
nexaton has raised in the Westchoster districts to
Of an equality those in the eastern part
Of the upper island Rents along by Mount Vernon and
fremont nearly good in Harlem because OF the
rapid connection rail with the business centers OF