Manhattan’s Leasé-Faire Apartment Market

apartmentdoorflickr1 Manhattans Leasé Faire Apartment Market  The rental market is up and the rental market is down, according to the newly released Manhattan Rental Market Report.

Although the report, released monthly, shows that rents were up by 1.82 percent overall from May to June, a closer look reveals that rents are rising in some areas and falling in others. Also, the survey doesn’t include every apartment on the market—understandable, given how freaky Manhattan housing arrangements can get—but instead gives just a rough idea of pricing trends.

For example, rents are up for non-doorman studios on the Upper West Side but down for non-doorman one-bedrooms. Many neighborhoods are listed under both the “where prices decreased” and “where prices increased” categories with prices varying depending on the type of apartment, making it a little difficult to ID a trend for one neighborhood across-the-board.

The report does make this statement: “Overall, the rental market appears to finally be making the healthy gains we’ve been waiting for.” If it means rent prices climbing to ridiculous levels as “healthy gains,” the report might be spot on. Happy summer.

 

 

 

Comments

  1. its a usual thing especially during peak season the landlords are taking advantage to the renters

  2. having a high rental is the very first major problem of the renters especially if they have a low salary they cannot cope up the finances

  3. renters will be very much affected with the increase especially if the renters had not enough money to sustain the rent

  4. actually renters will be the one who is affected with this high rentals is there any solution regarding this problem landlords should take consideration to the renters

  5. its natural that the rentals will increase especially during peak seasons landlords or the property owner is taking advantage

  6. that is the very major problem of the travelers they hampered to spend vacation to some places because of the high cost of rentals

  7. george says:

    I would never have normally come here to read the blogs but I’m really glad I did. Will definitely be coming back.

  8. Rea says:

    High rental is really a great issue in these days.It will effect the renter. Some times they don’t have an enough money to pay rent.You’ve made some great points and it’s written really well. 

  9. Mike says:

    Very interesting. I hadn’t thought of some of these things before. Thanks.One of the best blogs I’ve read. Will definitely recommend to others. Good work.