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Four Tips to Manage Bidding Wars by Prospective Renters

Utilize these strategies next time a unit ends up with multiple offers!

When Erin Wheelock recently listed a two-bedroom, three-bath condominium in New York City’s Flatiron District, she knew it would be snapped up quickly. What she didn’t expect, however, was that she’d receive six bids the first weekend after the unit hit the market—and that it would end up renting for $13,300, nearly 11 percent over the asking rent of $12,000 per month. The winning bidder also agreed to pay her brokerage commission.

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Real Estate
02
Capital Group buys Bunker Hill skyscraper

Los Angeles fund manager Capital Group has completed its $210-million purchase of the Bunker Hill skyscraper it already occupied as a renter and vows to continue expanding its downtown presence....

Capital Group buys Bunker Hill skyscraper
Los Angeles has one of the deadest downtowns in the world, according to a new survey

Gensler's City Pulse 2026 report shows Downtown Los Angeles ranking lower than average on vibrancy....

Los Angeles has one of the deadest downtowns in the world, according to a new survey
This new California NIMBY-busting law could create a million new apartments and condominiums

A new state law that allows denser housing development near major transit stops goes into effect in July, opening the door to construction of more than 1 million new units in California's urban centers. ...

This new California NIMBY-busting law could create a million new apartments and condominiums
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