The Urban Edge Apartment Living Blog
Musings on living in NYC... oh, and real estate too
If you’ve been out there looking for a NYC rental apartment, you know it’s tough right now: record-high rents, low vacancy rates, and so, for obvious reasons, few landlord concessions. And I’m not just talking Manhattan! Certain areas of Brooklyn (Williamsburg, DUMBO, Park Slope) and even Queens (Long Island City) can now be as pricey [...]
If you’re new to the NYC rental apartment hunt, don’t worry: EVERYONE thinks it’s overwhelming. The city is huge, for one thing, and there are about a dozen different neighborhoods that would be “perfect” for each one of us, though your dozen could be different from mine, which is likely to be different from that [...]
The Brooklyn rental market continue to set records, both in terms of rental prices that, on average, have never been higher (up 10% in 2010, and another 7% last year), as well as for the sheer number of new construction and development that’s been pouring into the market of late.
Another month, another record for Manhattan rental apartments, and not in a good way for would-be Manhattan renters. Because although the average Manhattan rent in May only went up by an insignificant-sounding nine dollars, that does mean that the average Manhattan rental apartment now goes for an astonishing $3,438 a month.
The NYC rental apartment market has never seen such high prices and low vacancy rates as we’re living through right now. As the New York Times reported recently, even if you’re willing to sign on with a roommate or two, and live farther and farther “inland” in Brooklyn or Queens, AND don’t mind many-story walkups [...]
