| Why All of these incentives? | | | | fee does not cost the tenant any additional rent and |
| Due to the current state of the economy landlords | | | | does not cause them to lose any incentives such as |
| are providing numerous incentives to lure tenants into | | | | free months rent. For example 2 Gold Street which is |
| their buildings in the financial district. | | | | owned by Rockrose Development is currently |
| The financial district has been a growing residential | | | | providing 2 months free on a 14 month lease |
| neighborhood over the last 10 years. Numerous | | | | whether or not you use a broker to find the available |
| commercial buildings have been fully renovated and | | | | apartments. |
| converted into luxury condo's coops and rental | | | | 2. Free Rent Incentives: Many buildings downtown are |
| properties. Tenants will find that there are amazing | | | | providing 1 or 2 months free rent when signing a 12+ |
| incentives provided by the landlord to rent | | | | month lease. The buildings will provide the free rent |
| apartments in the financial district. | | | | credit in a number of different ways. Some buildings |
| The following are key incentives provided by a | | | | will provide either your first or last months free. Many |
| majority of the buildings in the financial district. | | | | other buildings will allow you to average your free |
| 1. No Brokers Fees: Buildings downtown typically do | | | | rent into the overall monthly price and allow you to |
| not charge the tenants any brokers fees. In addition | | | | pay the Net Effective Rent. This is essentially a |
| they will typically pay 1 month rent as a commission | | | | discount however buildings like to keep the gross |
| to a broker that brings a tenant into their office. This | | | | rent higher for a number of financial reasons. |