The Urban Edge Apartment Living Blog
Musings on living in NYC... oh, and real estate too
We’ve been seeing statistics and charts all summer here at Urban Edge about how finding and signing a New York City rental apartment has become more and more a landlord-friendly undertaking. Manhattan rents are up, vacancies are down, and owners aren’t nearly as ready to hand out concessions as they were as recently as a [...]
It’s a seemingly inevitable part of NYC living: at some time or another, no matter how much we love our homes, residents of NYC rental apartments will wish we had more space. A bigger kitchen, say, or a larger bathroom. Or maybe more closet space. Or a second (or third!) bedroom. During those wistful, dreamy [...]
Bad news for those looking for the holy grail of NYC rentals: a value apartment priced below market rate. The average prices for Manhattan apartments for rent continued to go up in July, and are now close to ten-percent higher than they were at the same time last year. The biggest surprise? The price of [...]
All the numbers about the increasingly competitive New York rental market might be interesting in the abstract–the lowest vacancy rate in a decade! fewer concessions by landlords! the highest prices in Manhattan in years!–but they can really hit home if you’re looking for a Manhattan rental apartment right now, or if your current lease is [...]
We’ve received a flurry of reports recently about Manhattan rental apartments, from a number of different sources, and they all say the same thing: the Manhattan rental market hasn’t been this hot in years. We’re now at about the half-way point of the prime rental season, and once again landlords have the upper hand.
