New York bans rent-setting software

June 14, 2025 / no comments

Property owners may no longer be able to use certain software to set apartment rents.  The state legislature this week approved a bill that would bar owners from basing rents and leasing terms on recommendations from a “software, data analytics service or algorithmic device” that coordinates pricing for or between residential property owners. It also […]

This article originally appeared on The Real Deal. Click here to read the full story.

How far does NYC’s FARE Act go?

June 14, 2025 / no comments

As the FARE Act took effect earlier this week, New York City’s rental market scrambled to adjust to the new law: listings disappeared from Streeteasy, landlords upped the prices on those still online and agents jumped to social media to express their discontent with the shifting landscape.  But brokers dealing in ultra-luxury rentals say they’re […]

This article originally appeared on The Real Deal. Click here to read the full story.

The Daily Dirt: NYC dominates in return-to-office

June 14, 2025 / no comments

New data shows an RTO reversal. In the early days of post-shutdown return-to-office tracking, offices were busier in markets that didn’t rely on mass transit — presumably because people feared catching the coronavirus on trains and buses. But that trend disappeared with the advent of vaccines alongside other forces, including return-to-work orders and corporate relocations. […]

This article originally appeared on The Real Deal. Click here to read the full story.