Only $111 separates the average monthly rents for higher-end apartments in New York and London, according to a new survey. New York’s better apartments average $4,000 a month, while the British capital’s average $3,889. But don’t think the higher average daunts British tenants here: The dollar’s at a 25-year low against the pound.
Though the strength of the Euro has been largely credited with staving off a housing market nosedive in Manhattan, it is hitting expatriate American businessmen (and the multi-national companies they work for) stationed in cities like London, Hong Kong and Moscow hard, pushing already expensive rents into the stratosphere, according to Forbes’ survey of Read More
The average rent for a one-bedroom apartment in a non-doorman building on the Upper West Side was $2,478 in January, according to a report (PDF) from brokerage The Real Estate Group New York. The average for a one-bedroom in a non-doorman building on the Upper East Side was $2,439. In doorman buildings, one-bedrooms averaged Read More
Rents in doorman buildings in Murray Hill went up across the board in 2007 according to a report released today by the Real Estate Group New York.
Through 2007, average rents in doorman buildings rose by 11.5 percent for studios to $2,578; by 9.6 percent for one-bedrooms to $3,514; and by 10.3 percent for Read More
In December, apartment rents dropped in both Upper West Side and Upper East Side non-doorman buildings, according to a report out Tuesday from brokerage The Real Estate Group New York.
The best deal for a non-doorman studio can be found on the Upper West Side for an average of $1,734 monthly compared to $1,870 on the Upper East Read More
Good news for apartment hunters: Manhattan rents have dropped, especially in the financial district.
Granted, the average asking rent for apartments below 100th Street dropped by less than 1 percent in December, according to a new report from the The Real Estate Group’s, but that downward trend is expected to continue into the new year. Read More
Renters, you have been delivered. Relatively speaking.
A new report (PDF) from brokerage The Real Estate Group shows that average monthly rents in non-luxury buildings below 100th Street dropped from September into October. Apartments remain pricey, but the average landlord may be smiling a little less smugly as he or she asks you Read More
