The Urban Edge Apartment Living Blog
Musings on living in NYC... oh, and real estate too
Manhattan rental prices continue to rise, which should come as no surprise to anyone who has been looking for an apartment to rent recently. According to a Citi-Habitats report issued last month, the average rent for a Manhattan rental apartment hit an all-time high in March, clocking in at an astonishing $3,418 a month, beating [...]
Another week, another blast of news and notes about the exploding Brooklyn rental market. First, a bit of good news for anyone considering a Brooklyn rental apartment: prices overall actually went DOWN in the month of January!
New Year’s is a time when it seems that everyone with access to a keyboard puts in their two cents about the year gone by, and makes predictions about the one ahead. And NYC real estate renters and sellers, thinkers and doers, are NO exception!
The November report on Manhattan and Brooklyn rental apartments released last week showed that the trend toward higher rents, lower vacancies and fewer concessions continues unabated. In fact, Manhattan apartment prices are up from November last year by anywhere from 5 to a harrowing 18 percent in the case of two-bedroom rental apartments in non-doorman [...]
With Manhattan rental apartments hitting record high prices and prospective tenants frustrated by the lowest vacancy rates in a decade, many NYC rental apartment seekers are again casting their bargain- and square-footage-hungry eyes across the Hudson… and being rewarded with a booming Northern NJ apartment market, with many new developments open and being built.
