New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-23
RENTS FOX THE COMING YEAR.
PROSPECTS FOR TENANTS AND OWNERS.
LII, .. ,r11 IL, IL rsr Arp Nh rIn1.sF AGINrs AY-

WHAT THE REAL ESTATE AND HOUSE AGENTS Say
VARYING OPINIONS.
After the holidays the next awful event that
looms mp IN the future CT the hOu> cholder III New
York is May Day anu abOut the middle OF January
the all-absorbng question with u large number Of
the residents of this city is Where shall we sleep
and eat and drink for the following twelve
months" 70 a great many the amount OF
rent they will have to pay for their apartments
or houses is of serious and grave importance.
So TRIBUNE reporter talked with a number OF real
estate dealers the other day IN regard to the prices
which business places, houses and apartments
would probably command for the year beginning
May !.
of T.. H. Ludlow ~ Co., No. 3 PIne-st.. 10 say how
rent, will be this spring Ii our clients don want
TO elease tire bulju-s they usually come and tell
NJ so m the first two we, k of February. and then
we can tell pretty well what the miIhet Will &C.
Now we don't even know what we vii do with our
own property. We should not feel warranted IN
uutting up rents however uuiesS We saw th1t
there were very lew houses on the market II there
shonld be large number OF cQnrSe prices wlI go
down. 1t seems to ne that there IS nothing 10
warrant an increase over last year. Then rents
went up about - per cent on the ayeIaG'. VI
course buildings which were leased IN IH1G cr
1911 and wluch Will De- thrown on the market this
spring. Will hrIng higher prices.
Homer MORAN, No. Pnc-,t., said: 50 TAR |
have had only one inquiry IN regard to rents. One
of my tenants came IN this morning aut SAID; /
supp0se can keep my house at tie same figures |
maid last year | told him mat | saw no reason
why n, shouldn't. You See he IA man That al
WAYS pavs his rent, ana that Is OF much import
Hnce as il Is to get good figure. People are rather
shy about Offering more rent now there are 30
nany schemes In which you put $4,000 nova
days. and never see II again. that mos persons leeI
like holding on to What money they have; . ~
One OF the employees oi Horace ;. n.y. NO. y
plnp-st. gave his OpIUlCn rs follows Inc mdTNtt
il not vet settled ,nun e. Ol articles have ap-
p,tfed in tue newspapers winch advanced the luea
tnat il would be good thing for people to hold on
and wait before they signed Their leases tor the
ensuing year. On the contrary, al the lndicationS
seem t. point 10 very strong market.
Win us. there has been strong out>de demand
tor desirable stores, offices ana houses. People
krep coming 10 New-YOIk, and they make bids over
the prCrs paid by tho old tenants. some OF the
latter have hcld oil too long, and have got lett
because they were not wiling 10 pay increased
prices. | my self shodid advise everyone VINO mas
Il desirable place to re-reut 1t Is s5"n Is po>ai-
BILE. | think that neither the supply o HOUSES nor
Offices Will be equal to the demand, alt .nugh 50
many OF them have just been put up Bat these
! j Potter of no Finest said " | should
say that rents Will probably i've high Oh the whole
than they were last year. Certainly those that were
not raised then. viii be now But II Is too early set
talk much about the matter. has your Ian iInf!
>po,rp 10 you about rent for HrN year yet 80! /
thought 80. | a,kC the owner OF THIS building =
day about renting hiy O.co Tor next year lie sad
That he hadn't tuOdgnt a word about II. | VIII tell
Won one thing: there will be plenty Of houses to
rent IA Harlem this spring there have been 50 many
new ones buIlt there Builders cant a'fd 10 keep
lose $1,000 on IA house for more than ono year
As to stores, if yOu have desirable one, you can
get almost any prco yOu are ia mind To ask for It,
business has been 80 good. you Know, thdt men can
afford To give good prices But rents aren't now
nearly as high as they were at on5 time.
The market in the dry goods district between
here and FUurte, nth-st.." remarked Daniel B.riSi
OF Daniel Birdsdll * Co, No 3l3 Broadway, has
airraiy closed. The year ends there on February
l. and nearly all the changes which VIII take place
have already been decided upOr. There are very
few stores To rent now IN that part of tue city
rhe increase in the rents over last year IN that
district varied from % To % per cent, averaging
PERHAPS 33 per cent. Our business in he part OF
the city lying between here ana the battery where
the year ends May |, IN accordance with the old
style has not arly be gun. ana VIII not Tor IA week
or TWO. don't think that rents are too hlgh yet.
A store that brings SO 10 now brought from
~ 600 to $4,000 during the war. VI course. lhls
was "A fancy price. but 1t costs considerably more Ia
bud than IT did four or 1--WE years ago. and taxes
ar. very high Still there have uccn very lew well
situated blocks for sale of late. / presume that
there wall nos be 81 large an increase M rents
throughout the city As IN the dry goods district
Below here. the stores arc ed by whoie salo
merchants in hardware aud the like. who do not 40
as laigc hu mess as The dry gOnus men, ana IutN
are not willing 81 pay large rents Probably the
increase there will not bo more than - per cent IL
nuch.'
No 3lT Broadway. replied 10 the reporter Is iOl'
lows: " The renting 81 the stores IN the downtown
district has not begun Vet. We never go near OUT
tenants until three months before their leases rX
pir, presume that rents Will be 10 or - per cent
higher than last year. Ihe renting "i stores IN ne
drv gn,,l, dls.TIct brgar IN OCIobcr with "A bONm
aud there was an advance lu prices OF from ID u
- per cent. The bottom fell out, however IN tht
middle of November. All ih" ury goods men are
settled now except lew stfagglr',.
Oue uf the mcn IN the eApioy Of J"hn Jac"l
As,or SAID that rents, ne Thought were VERY
strong Mr. AStors houses ~ th6 most ue>irhn DE
places we're renting iOr more tuan they uId ld'
wear. wlule all were bringing ~ least tho SAM
Al Morri. y. Baer's Office IN Thirty -fourth-st.. Il
va. sad that suites of rooms Ia apartment hon "a
wore 10 let at auoht the Same as las, year. "rr'
wa, a tnrue demand Tor tnriu how ever. ana !hcr'
,,.re few drsIIanln house, ia q, mpaTiaOu with th
| de,niud AT TInip-OA - iecta, iOrb -lOut'H 81
and BroadNdyit - stated that prices did not VA
| uucn from those Ol last TALL.