Lots of parallels come to mind when one contemplates the Avalon Morningside Park, a new 20-story monolith capping Columbus Avenue at 110th Street. A vast cruise ship turned on its side, perhaps, or one of Tolkien’s Two Towers.
Avalon’s leasing office lobby, though, feels more like a design-y take on a dentist’s office. Read More
Citi Habitats released its November rental market report today (PDF here), showing a continued rise in vacancy rates across all Manhattan neighborhoods, and, while rents continue to soften, there hasn’t been a very significant decline.
In October, the Financial District/Battery Park City was the only area to report a vacancy rate Read More
Rents these days! For all this chatter about a recession, it’s still awfully expensive to live in Manhattan.
Taking a quick gander at the average rents for Manhattan neighborhoods in Citi Habitats’ October rental report, two things become abundantly clear: Most people can’t afford to live in Soho/Tribeca and all spendthrift renters need Read More
The worm is finally turning in Manhattan’s winner-take-all apartment universe. According to the Manhattan-specific October rental market report released today by Citi Habitats (PDF here), vacancies are up and rents are down, all of which is playing to the advantage of renters who have been at the mercy of not terribly merciful brokers Read More
The Real Estate Group New York’s out with its October Manhattan rental market report, and C.O.O. Daniel Baum says what we’re all thinking:
"It’s apparent that the rental market is struggling this month,” Mr. Baum said in a statement. “Doorman studios are down 7.23 percent, and doorman one-bedrooms have declined 3.21 percent in year-over-year comparisons. Read More
This is the second in a three-part series today covering the Manhattan housing market since autumn 2007. The first was on the condo sales tumble.
Apartment rents in Manhattan’s two biggest neighborhoods by area, the Upper East and West Sides, either dropped or stayed relatively flat from September 2007 to September 2008, harbingering Read More
"Brokers are bottom feeders. Best way to find an apt. is to go to the building where you want to live and ask the super or find who the management agent is and deal with them directly."
"You pay for professional services; that’s how the world runs. If you walk into a real estate office Read More
From the New York Post this morning:
To attract new residents, the complex is adding 200,000 plants, 10,000 trees and has put in a fancy new gym. Pets, which were once a huge no-no, are now everywhere. And the complex is offering more free movie nights, cocktail mixers, sports leagues and outdoor Read More
It’s that time of year when thousands of recent college graduates descend upon Manhattan for their obligatory, pre-suburban stint in the city.
Manhattan’s rental market is traditionally the tightest from May to August and early September—apartment-hunting season for newly christened young professionals.
After their hopes of living below 23rd Street in quasi-bohemian squalor Read More
The New York City rental apartment market is tied closely to the local economy, more so than the sales market. That market might see foreigners buying a lot of condos even as Americans lose their jobs. But the rental market–it tends to rise and to fall with the city’s economy. Generally, job losses and uncertainty Read More