On September 30th, we reported to you on Upper West Side studio apartments for rent. Sadly, at that time, we had to report that prices had not dropped at all, even though “the season” for apartment rentals was pretty much over. We also contrasted that with the Upper East Side,...Read more
Gary Rosenberger of EconoPlay.com has prepared a report on the residential real estate scene in NYC and across the country. This report is read by Wall Street investors, bankers, and other who need to forecast the trends in real estate. The six page report is available to subscribers at https://econoplay.com/....Read more
New York has no shortage of expensive apartments. But some neighborhoods are in a category of their own because it’s almost impossible to find reasonably priced rentals (or sales) in those neighborhoods. The two clearest examples of this is the West Village and Soho. If you’re looking for an affordable...Read more
The Gramercy Park vicinity has always had a quiet dignity. It is more residential than many other neighborhoods and those who live there say it has a lovely assortment of restaurants and neighborhood merchants. Although most buildings in the Gramercy area aren’t doorman buildings, there are just enough of them...Read more
Folks, I think we're about to start hearing the terms,"frothy" and "bubbly" again - applied to the Manhattan apartment rental marketplace.
Manhattan rental market strengthens - A personal perspective: Over here at RDNY.com, we've seen the market get tighter and tighter throughout the summer. We've seen week after week of price increases. The statistics may show overall rental prices up by 7%, but in reality, it's more than that.
Bloomberg quotes Citi Habitats as saying that rents increased 9% in July from a year ago in July. "landlords tested how high they could push prices amid few vacancies.".
Even as New Yorkers exit city en masse for vacations, residential leasing approaches boom-time highs August 01, 2011 07:00AM By Candace Taylor in TheRealDeal.com New Yorkers are fleeing the city in the scorching summer heat, trading subway cars for the Hamptons Jitney and business casual for bathing suits. Even so,...Read more
The dog days of summer are back for apartment renters. The Manhattan vacancy rate in May fell to 0.7%, its lowest level in nearly five years, according to broker Citi Habitats. Landlord concessions, such as a free month's rent for signing a new lease, have dried up. Average Manhattan rental prices are just a hair below their 2007 peaks.
Click here for video of the New Highline Park By: Jill Urban of NY1 Phase 2 of the High Line is expected to open next week, but even before it was completed, the High Line created a draw for developers that has helped transform Manhattan’s West Side. NY1’s Real Estate reporter...Read more
Real estate professionals speculate that there is little room for home values to move up in the near future. In a stagnant market, renting is more attractive.
New York City takes top honors for being more affordable to rent than buy. According to Trulia, the median list price (for the top 50 cities) is $140,201.37, but the median price for a 2-bedroom apartment in NYC is $1.3-1.4 million!
The good times are over for Manhattan renters. The power has shifted back to landlords, sending rents up and concessions down during the last three months of 2010.
The scorching summer heat hasn\'t slowed the Manhattan apartment market—the vacancy rate in July reached 0.88%, its lowest point in nearly three years
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.
By: Jill Urban for NY 1. Last year, Tyler Fishback rented a new apartment in Midtown, and with all the concessions that existed a year ago, he got a great deal. But now when his lease came up for renewal, he got a dose of reality. “It is shocking to see...Read more
Living in Queens places you in neighborhoods that are close to Manhattan. Three of the most popular neighborhoods in western Queens for those commuting to Manhattan are Astoria, Long Island City and Jackson Heights.
The Manhattan residential rental market showed modest improvement over the last month, with inventory declining and rents climbing...
MANHATTAN apartment rentals more than doubled in the second quarter from a year earlier as the city\'s job market improved and tenants gained confidence.
Apartment leasing activity skyrocketed in Manhattan during the second quarter but the burst of new transactions failed to push rents higher.
As the power of the market turns once again to favor landlords and their gatekeepers, the brokers, it is useful to understand what they know that first-time renters may not. Armed with an understanding the Web, renters can decide whether to use a broker, what size apartment they can afford and the neighborhood where they are likeliest to find it.
Despite rent regulation, New York rent burdens remain unaffordable for most low-income households.
Lower Manhattan is one of the city’s fastest-growing neighborhoods. The Alliance estimated that 55,000 people live south of Chambers Street, compared to 44,000 in 2007.
An online survey found that 76 percent of consumers said they prefer to rent a home rather than own it, a 5 year-over-year percent increase from 2008.
But these signs of life are actually bad news for the renters who had benefitted from reduced or eliminated broker fees as landlords tried to fill vacant apartments.
Vacancy rates at rental apartments in Manhattan continued to decline in April, encouraging landlords to begin pulling back on tenant concessions.
Wakefield, the Bronx neighborhood around the 241st Street stop and one of the northernmost places in the city, shares more than a little suburban character with its neighbor across the border.
Lower Manhattan ranks as one of the fastest growing neighborhoods in the city, according to a new survey.
With thousands of new housing units, and thousands more coming, Long Island City has finally arrived - with all the perks and amenities that New York renters look for.
The frenzy for Manhattan rentals is making a comeback, a sign of a rebound in the nation\'s largest and most complex leasing market.
Apartment rentals in Brooklyn and Queens are starting to move up in price again.
Sure we have those high priced apartments. But we have plenty of other Manhattan rental apartments that rent for a lot less too. Perfectly good apartments.
NYC Renters have been having a good run the past year or so. But the party may be drawing to a close. The evidence, New York City apartment operators are gearing up to build new rental units.
You bet they did. This is from Bloomberg.com: Manhattan Apartment Rents Fell 7% on Unemployment Dec. 22 (Bloomberg) — Manhattan rents fell as much as 7 percent in the year ended Dec. 15 as the recession helped some tenants move up to larger apartments for less. Rents for studio apartments...Read more
From New York Times on June 21, 2008 comes more news that finding a good rental apartment is getting tougher: Rise in Renters Erasing Gains for Ownership Here’s the important parts for us renters: . . . the percentage of households headed by renters increased to 32.2 percent, from 30.9...Read more