New-York tribune., 1883-03-12
LANDLORDS AND TENANTS.

a
RESULT OF INQUIRIES IN VARIOUS PARTS OF THE
CITY-IAsT YEAR COMPARED WITH THIS YEAR.
"The rent market this year is firm, with a
tsndency to higher rates for eligible dwelling houses
stores and office property" the response made by
arre real estate dealer to the inquiries of TRIBUNE re-
orer II was learned by inquiries in various paris Oh
The city that last years rates are generally aonerep w.
Increased rentals asked where old leases are
and where the advance last year was not equa " ~.
prevailing rates. In many parts OF the city 'nei w
been an advance this year, but it is not uhNers " Nv
case however, has there been any decrease
There will be less moving this apparently thah or
averol wears mast Tenants show greater dispoSi'o"
20 remain In the houses they now occupy 'nah
II ia only where large advances IN rents are asAo va
the premises will be vacated. All dealers aseo ."'
moro leases have renewed than usual at TINS e
=, war The Astors for instance, have scarcely any
houses TO rent At the time last year their sates
,were full There not many houses In INC inarAe"
and not 60 much inquiry as IN former years. because
prefer remain In their present locations rather
chan FIX 70 Ills they know not Of This does not make
business for the agents. consequently there is general
ompaint of duness although 1t is sad that the market
mas improved since the adjournment Of Congress The
agents could exactly explain why this thond anece
khe rent market protective tariff on houses
People are ready to better rents or take
better houses when they feel sure that business Is 70 m
prove.
STORES HOUSES AND FLATS.
Tn the drygoods districts have been advanced III
many cases. and real estate dealers report eoou
demand with places to rent. From White 10 broome
et there has been general advance Broadway mas not
been much affected in that way except on OLD leases
which are about to expire. Merchants ike the wan
Street brokers' complain OF dull tines but they do not
get any concession In rent even when they ask It, In
Thrdave there practically no stores 10 rent al
Sixth ave- have been advanced In many cases 20
per cent above the rates years Notwithstand
Nm
inntion in demand Business has been creeping up
Fifh-ave. to Forty secondst and the latter thoroaga
fare Is now being transformed into business street be
tween sixth aud Third aves Many private houses d oe
tween Fourteenth and Thirty fourth ss and Fourth anu
Sixth have been converted into STORES aurlEg te
last year and yield an increase S 90 e Pf s gh as
Gent on its market value. ., ,.
Desirable dwelling houses In that part OF the CITY
however do stand idle; and between twenty tnTd
and Fifty-nnt and Fourth and sixth ayes they
for eligible houses that will below $4,000 There is
nothing like sufficient number Of these IN the market
To meet the demand Apartment houses continue 10 De
in good demand THERE'S more complaint about eaees
ye rents In nObc bc the ony property on Which
there is likely be any decrease In rents There Is
in the Cambridge fiat house sun persons VINO are con- IN
PEELED TO live anywhere beow Harlem ana whose IN,
aSss qe rent Oe are obliged to i've in hats
Long Island or New-Jersey'
GREAT DEMAND FOR OFFICES.
, Although the Wall Street brokers complain OF the
duness In their business does not affect office rents
The completion Of the Mills building and several other
large structures In that part Of the city has had no dis
cernbe effect in the way Of overstocking the market
The demand for nrst-class offices Is fuIy up 10
the supply Rents are stiff and many new leases
have already been made out at rents from 10 to 20
per cent In advance of last years rates
good many persons holding offices in e1pec-
taton OF decrease in rates. bat agents say tnst there
S no prpse o. @ @ eor1 IN 3S OF Of the BrooKSn
Bridge is creating demand for eligible offices Many
tenants are leaving old and unnproyed buildings ana
seeking quarters In buildings supplied with elevators the
upper floors of which they find more convenient than
crease in rents The re in the Potter building taught
ans s assf% few Of Of p that
Vicinity are thus euabled 20 be very SIN In tleir
he Brookyn Bridge when 1T IS opened is already s
anticipated In the demand ~ reSiueh'' VI i''
WHAT REAL ESTATE AGENTS SAY.
AtE H. Ludlow & Co. 1t thought that there
would be much change in rents this year Except on
leases made before the rise In rents one ana TWO years
apo" said member OF the frIn there Will be ht'le
change and that will he in the way OF increase There
are not many dwelling houses In the marketto rent
pouses as a rule this year vacated only when the
rent IS increased. Offce property is what might be
called firm market has been rather dul but IL Is
Improving now"
irving a Co.. OF No o5 william-st, who look after a
mart of the Astor property In the neghborhood OF wall
at said that rents were going up "There has been
n slight increase both in dwelling and o1ce properly,
remarked one the firm There are not many houses
year I'" know of one case in Madison-ave where
Lease will sne 10 on noS and the
angry and will remain In the house Inc Ahtors
raised M their G nC Gsnis saTs Sn as df do with
nenthouses do not like to deal IN thst CLASS
Of property 1t is unpleasant to have to be turning poor
eape out in the street when they do not pay promptly
and yet that Is the only way tenement-houSs popy MY
ssT Ss ohsr &f Kind estate The repairs be made
such property OF the cheapest kind :, who ,o.
offices In Cedarst and in Fifth ave- said; There rs
brisk demand for houses OF moderate re9, fra 81
81 800 year. Any house below $3oOo when is ln III
there is not much demand High-pnoed houses and
we rent houses high 900 year are decldedy
Sl bn real estate is held higher than last
There Is improvement in west-sde property "incn
aThere is no Disgusting the fact" said large real es,
dealer in that 1ns rem, mt 96rTe IL @ sS
Improvement and look for good business during tne
Is very dull In the stock market. large commission
house said day that they not selling 100 shares
that prices in the Stock Exchange have downward
ende9ey affects the Rg S Efpph pshox. that ats people
are merely holding of. Whenever landlords are winns
leases Slight advances in office and store property ar,
obtaned in many instances without tfGaDe D ID ,te ~,
have been advanced largely An office %hch rented To-
$500 has been advanced to 200 ana ana G,n1r
chased by not long ago. but this advance dc
not affect all the tenants IN that bnIdluS'
EFFECT or THE EAST RIVER BRIDGE.
Ferdinand Fish OF No 265 broadway, when spoken U
on this subject. said: There has been general al
nce perbaps an average Of 10 per cent in store prop
ertv which is In good demand. There is tendency u
increase of rates Office property, especially In TIL
neghborhood of the City Hall which VIII be- Affected D
the completion Of the Brooklyn Bridge That VIII Drhs
n great stream OF traftc through the PARK ana ih'
Broadway and while that may not affect store properly
Iso much A. will increase the demand for ON =
property. Many persons who live In brooKyi
and have offices in tins city not particular aS u
locality Offices convenient TO the bridge entrance
will be OF great advantage 10 thenl The stewart D'
ine at broadway and Cbanbers-a Is now heing raised
two stories and will be transformed into offices. but