NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases a research report entitled, “Slowing Rents Bite the Big Apple.” After years of steady increase, Manhattan rents are either declining or experiencing nominal growth. In addition to lowering rents, landlords are handing out generous concessions to fill up vacant space. While the magnitude of downward pressure on rents and concessions offered varies by property type, none of Manhattan’s major property type groups have gone unscath
