11:45:17 | 2012-06-13
(New York, NY) — When it comes to finding rental properties in New York, many apartment hunters quickly realize that the key to finding a good apartment is finding good help with the hunt. When renting an apartment in New York City, the process is far more complicated than in any other market. Apartments are leased much quicker, more paperwork is needed to get a unit and the help of a broker is often seen as a necessity.
A broker will help apartment hunters in a number of ways, with one of their primary attributes being the ability to help people find exclusive rental listings. Since the rental market is so competitive in New York City, many property management companies will only list with certain brokers. The primary goal for apartment hunters is to find the right broker with the right connections so they won’t miss out on their perfect apartment.
While many first time New York City apartment hunters struggle with finding a broker who can provide them with exclusive listings, the key is to turn to some of the larger NYC brokers. Nearly all of the top brokerage firms in the city have exclusive rental listings. Renters should keep in mind that there are no “semi-exclusive” listings that will be shared with multiple brokers, which means renters won’t be getting overlapping “exclusive listings” from different brokers.
Most apartment hunters find that the bigger the firm, the higher their selection will be. Recent reports have listed some of the top brokerage firms in New York City today. These firms have topped lists classified by revenue, number of brokers and average listings per agent. Top firms on these lists include:
Corcoran Group, Prudential Douglas Eillman, Halstead Property, Citi Habitats, Bond New York, Rutenberg Realty, Brown Harris Stevens, Nest Seekers International, Town Residential, Bellmarc Realty, Stribiling and Associates, Sotheby’s
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These firms have risen to the tops of these lists and stayed on top because they hold exclusive rental listings that can’t be accessed anywhere else, making them a valuable asset to the thousands of apartment hunters who need their assistance. As the rental market continues to grow and there continues to be more renters and fewer apartments in the city, many renters are relying on these big brokerages to provide them with exclusive listings that will have them in the apartment of their dreams.
—Email richard@brokerpulse.com
