Apartment rentals New York with Lower East Apartment Listings

Asking the Experts: What the 2012 Manhattan Rental Market Will Look Like

In honor of the new year the Real Deal solicited a group of real estate experts and industry insiders to get their opinions on where the Manhattan rental real estate market is headed in 2012. The experts agreed almost unanimously that conditions will be similar to how they were in 2011. Apartments for rent, they said, will still be in the grip of a strong market, and ultraluxury rental apartments will do particularly well. There was general consensus that average rent will either stay the same, or increase slightly over the year. Many experts said that high and stable rents will force condo and co-op prices upward, and most agreed that the rental market would overall be steadier than the purchase market.

Go East: Lower Manhattan's East River Park Just About Finished

You live in an apartment in the Financial District. Or a luxury rental on the Lower East Side. Or are browsing East Village rental listings. Congratulations: you have good taste, both in Manhattan neighborhoods and in NYC real estate listings sites. Let's continue. You're looking for a Manhattan rental apartment that offers more than, you know, an apartment and a fistful of amenities. You'd like some green space in your neighborhood. Check. You like to jog. Check. You play basketball, say, soccer. Check. You enjoy lounging, or fishing, just taking in some river views. Check, check, check please. There is a park near your apartment where you can do all these things. Check... almost. Yes, work on the long-awaited East River Park is almost done.