My Account: Sign In

| 1.800.355.4626

Rental

Quick Search:

4Q - 2009 - Manhattan Rental Market Overview

To view the article in its entirety please click here

3Q - 2009 - Manhattan Rental Market Overview

The average rent per square foot was $47.84, down 9.4% from $52.80 in the prior year quarter, however, there was an increase of 8.3% from the prior quarter result of $44.16. This suggests some easing in the rate of decline since the same year over year metric in the prior quarter, which fell 17.5%. Both average rental price and median rental price posted declines. The average rent was $3,759, own 1% from $3,796 in the prior year quarter and the median rent was $2,950, down 7.7% from $3,195 in the prior year quarter.

To view the article in its entirety please click here

Rental Report 2nd Quarter 2009 - Manhattan Rental Market Overview

After a sharp drop in number of rentals last fall, there has been a modest gain in 2009. There was a late quarter surge in rental activity in the second quarter not attributable to seasonal trends. The month of June accounted for 46.3% of the total rentals for the quarter, while May accounted for 33.3% and April accounted for 20.4%. Last year at this time, each month saw a consistent number of rentals. Market share of studio and 1-bedroom apartments slipped 5% to 67.7% of all rentals from 72.7% in the same period last year. The change was primarily due to the increased movement of first time buyers toward the purchase market incentivized by historic low mortgage rates.

To view the article in its entirety please click here

Some reports are PDF files. Adobe Acrobat required.


Prudential Douglas Elliman Real Estate

About Us Prudential Douglas Elliman Real Estate About Us Company News Careers PDE Management Team DottieHerman.com Contact Us Contact PDE Find an Agent Find an Office	Find a Home Search by Location New York City Hamptons & North Fork New Home Developments Long Island Global My Dream Home Search by Map Video Gallery NYC School Reports	Resources & Guides Information for Sellers Real Estate Resources MyPDE Profile Magazine Market Reports New York City Guide Long Island Guide Neighborhoods Home Value Estimator Manhattan Community News	Departments & Partners Relocation New Developments Douglas Elliman Property Management Mortgage Title Retail and Commercial Long Island Retail

All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

Prudential Douglas Elliman Real Estate