Every weekday we bring you Live at Five in Five, a series that highlights the most noteworthy events of the day in our fair City in five paragraphs, sentences, words, or letters.
The news about rent prices is as crazy as ever. Some go down, some go up. The only thing that is sure to go down is the "subway splash." Leaving only dogs with the opportunity to afford this city.
A lady recalls the rent in 1987.
Rents are falling! But nowhere near 1987 rates.
But not if you are looking for commercial space as class B units have a 10.6 percent vacancy rate as opposed to class A units which have a 12.3 percent vacancy rate. Many industries are opting for the cheaper class B units which is causing them to go up in price. So are rents falling or rising?
All this insanity with rent prices encouraged another New Yorker to take the "subway splash" at Utica Avenue on the 3 train. The "subway splash" is the only sure thing as it only goes down.
Leaving New Yorkers with only one option. The only companions they can afford are the kind that take up as little space as possible. New York goes to the dogs indeed.
Image courtesy of ceiling.