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Demand is that strong for the property, which targets the army of young people who flood into the city each year to get degrees and start careers. Over in the East Village, rents have risen five times since June at 2 Cooper Square, a new rental building targeting higher-income professionals. The rental market is rebounding, especially in New York and other markets where job trends are improving: Washington, D.C.; Chicago; San Francisco; San Jose, Calif.; and Seattle. But New York could top them all in rent growth. Here, tenants show an appetite for new and luxury digs. Wall Street is hiring again and "rents are rising, ...
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