Battle of the Boroughs
Who wants to move in August? No one even wants to be in the muggy cesspool of the city, let alone between two separate apartments. Indeed, August rental reports reflect the general malaise one is apt to feel when clutching a box damp with sweat at the bottom of a five floor walk-up. Or maybe Manhattan is now obeying the schedules of the Hamptons as the middle class flees?
Manhattan vacancy rates remained relatively flat in August. At 1.19 percent, they are basically unchanged from the 1.2 percent vacancy rate of July and slightly up from August 2011, when they were at just one percent, according to a report from Citi Habitats. Cause for celebration?
While living in some rundown old industrial building in Williamsburg has a certain appeal, you might be better off renting in Soho if you want to save money, The Wall Street Journal reports.
Lies Damn Lies ...
Watching the Manhattan rental market is like watching Saw. It’s fascinating and terrible and nauseating all at the same time.
Well, get ready torture porn fans, because the second quarter market rental reports are here. Our protagonist has just stepped into a car with a stranger to find that the inside door handle has been removed from the passenger side. Let the carnage begin!
It’s up, it’s down. The New York apartment rental market has stymied a lot of great minds in the last couple of weeks. Not to mention us.
First, came a report at the end of August that vacancy rates had dropped slightly and rents were up. Landlords smiled.
Then, just a couple of Read More
Bad news for college grads moving to Manhattan: You can’t live here for under $1,300.
The Real Estate Group of New York’s latest Manhattan Rental Market Report went live on Tuesday morning, and it shows rents in July ticking up. That’s reassuring for landlords and worrisome for first-time renters. Your friends who entered the market Read More
Unreal Estate! The floorplan of the $35,000 rental at 260 West Broadway explained. Read More
Curbed hosts a rental panel with Dottie Herman and Jonathan Miller. Their advice to tenants? Buy now! Read More
From boom to bust: We plucked four Manhattan neighborhoods and charted their average rents. Read More
Well, so much for the seasonal peaks and valleys in the real estate market. According to the Real Estate Group New York’s January Manhattan rental market report (PDF), released today, month-to-month average rents fell for studios, one-bedroom apartments and two-bedroom apartments, in both doorman and non-doorman buildings. It was a clean sweep, and Read More
The relatively few unsold condos in One Hanson Place in Fort Greene are up for rent, according to Brownstoner. Nineteen units are asking between $3,400 and $4,900 monthly through condo marketer Stribling.
Now, if they could only rent out One Hanson’s retail as well… Read More