Apartment Rentals in New York City – what you need to know.
Posts Tagged ‘prices ’
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, the residential rental market is as sizzling-hot as the temperature,…
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 Jill Urban filed the following report.With its lush gardens and…
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 numbers jump like that, especially for someone who is new…
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.
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.
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.
Folks, we are getting very close to a state of equilibrium in the rental market, the place where rental demand comes close to matching existing vacancies. I\’m not a statistician, so I don\’t have hard numbers to prove it, but we here at RDNY.com are beginning to see the number of available listings decline while the number of new potential renters is climbing. We are beginning to see landlords raising rents cautiously and we are beginning to see renters looking at their backup neighborhoods.
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.
This chart shows how rents have fallen over the past two years, but are beginning to firm up now.
By 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 Estate and appraiser…