The Market
Harlem Insider: Life Strategist Gabe Nies
Thursday, March 11th, 2010Recent Los Angeles transplant Gabe Nies talks about raw, soul food restaurants, his fun building and the music on the streets of Harlem.
Renters Poised to Lose Upper Hand
Wednesday, March 3rd, 2010NYC 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.
Landlord Housing Court screening must be disclosed to applicants
Thursday, February 11th, 2010Landlords who screen would-be renters for past appearances in Housing Court will have to disclose the information to applicants under a new law expected to pass the City Council.
Can you Imagine the broker’s commission on these rentals?
Saturday, January 23rd, 2010NYC’s Top 10 Most Expensive Rentals
2010: The Year of the Renter?
Saturday, January 23rd, 2010Plenty on new luxury rentals about about to open for rental in Manhattan’s Hudson Yards are, downtown Brooklyn, and Williamsburg.
This Chart Tell The Story of Falling Rents
Friday, January 15th, 2010This chart shows how rents have fallen over the past two years, but are beginning to firm up now.
Manhattan Apartment Rents Drop 9.4% as City Job Losses Mount
Thursday, January 14th, 2010By John Gittelsohn
Jan. 14 (Bloomberg) — Manhattan apartment rents dropped 9.4 percent in the fourth quarter of 2009 from a year earlier as Wall Street jobs vanished in the recession.
The median rent fell for all apartment sizes except two- bedrooms, which were little changed, according to a report today by broker Prudential Douglas Elliman Real [...]
5,000 Financial District apartments could be eligible for rent regulation
Thursday, January 7th, 2010Thousands of Lower Manhattan apartments could become rent-stabilized based on a recent court decision.
On Dec. 23, Housing Court Judge Bruce Scheckowitz ruled that a market-rate apartment in 37 Wall St. should be rent-stabilized because the building’s owner is receiving a 421-g tax break. In an echo of the Stuyvesant Town case from earlier last year, [...]
U.S. apartment vacancy rate hits 30-year high
Thursday, January 7th, 2010Let’s skip most of the news report. We’re only really interested in the NYC marketplace. Here’s what the Reuter’s article had to say about NYC:
Higher priced rental properties in Manhattan drove the vacancy decline, while apartment buildings in more middle-class boroughs such as the Bronx, Brooklyn and Queens haven’t been able to dodge the [...]
So…Did apartment rental prices fall in 2009?
Wednesday, December 23rd, 2009You 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 dropped 7 percent to an average of $2,247 [...]