Hey, College Kiddies! Welcome to the Island of the $2,417 Studio

Aside from hay fever and spring fever, the flush of New York City’s apartment fever hit Thursday morning thanks to the latest Douglas Elliman and Miller Samuel first-quarter rental market report.

For all the soon-to-be graduated college kids, according to the report, the average rent for a Manhattan studio—four walls, a closet kitchen and a toilet—has increased Read More

Manhattan Rents Falling, and Fast

The seemingly irreversible slide in Manhattan rents continued into January, according to a report (PDF) released today by Citi Habitats. Rents flopped almost across the board from December, with the exception of two-bedroom apartments, which saw an insignificant $4 increase on average.

The year-over-year decline in average rents is much more pronounced, with rents Read More