2 NYC Renters Sue Compass Over $5,000 Apartment and Alleged 80% Manhattan Listing Grip
Updated
Updated · The Real Deal · Aug 21
2 NYC Renters Sue Compass Over $5,000 Apartment and Alleged 80% Manhattan Listing Grip
2 articles · Updated · The Real Deal · Aug 21
Summary
Two New York City renters filed a proposed class action in Manhattan federal court, accusing Compass of antitrust violations that allegedly inflated rents by keeping listings off Zillow and StreetEasy.
The complaint says Compass controls more than 80% of Manhattan rental listings and used that power to reduce visible supply, but the report says that figure comes from for-sale market data and may not reflect rentals.
Compass declined to comment, and the suit may face hurdles because Compass' documented private-listing strategy has centered on for-sale homes rather than rentals.
The case still adds to mounting scrutiny after Compass' $1.6 billion Anywhere acquisition, alongside Zillow's antitrust suit in Chicago and a New York attorney general review of its market footprint.