Apartment rentals New York with Manhattan Real Estate Trends

Startups Think Outside The Box with Micro-apartments and Communal Living Developments

View from downtown Manhattan, overlooking Brooklyn

Photo: Luxury Real Estate Manhattan's view from downtown overlooking Brooklyn

Innovative office space startup extends their business strategy to living spaces, representing a shift in lifestyle needs for New York buyers.

The Douglas Elliman Rental Report: What You Need to Know

NYC Skyline

As always, The Elliman Report released earlier this month provided a wealth of data on the state of the Manhattan real estate market. In many cases, the overall trends were not particularly surprising, with average prices maintaining their upward trajectory and vacancy rates remaining low. Still, when breaking down the numbers by specific neighborhoods, there are some interesting fluctuations from last year’s numbers worth noting.

March Sees Rents Rise in Both Manhattan and Brooklyn

March sees rents rise in both Manhattan and Brooklyn

Well, don’t say we didn’t warn you: the latest rental market report from Elliman says that rents in Manhattan and Brooklyn have been steadily rising since the beginning of 2013. Increases in rental prices have been seen across all apartment sizes in the city, with the average rents in Manhattan and Brooklyn coming up to $3,930 and $2,971, respectively, in March.

Rents Rise Along With the Temperatures in Manhattan

Rents rise along with the temperatures in Manhattan

Winter is on its way out in Manhattan, and accompanying the rise in temperatures is a corresponding increase in the rental prices for apartments in the city. The latest rental market report from MNS says that rents rose by 0.92 per cent in February, which is the first indication of the market reversing the downward slump that it has been experiencing over the past few months. Vacancy rates in Manhattan continue to remain low, and these could serve as a reason for rents to shoot up further in the coming summer months.

Report: Better Rental Deals in Manhattan, As Compared to Brooklyn

Better Rental Deals to be found in Manhattan, MNS Report Says

After finding it difficult to find a Manhattan rental that fit both their budget and their specifications, it was rather commonplace in the past for New Yorkers to take their apartment hunt to Brooklyn instead. However, these days, a reversal of this trend is happening—recent rental reports suggest that with apartments in Kings County seeing a surge in rents, many apartment hunters are realizing that they may be getting better deals by renting homes in Manhattan itself.

Will 2013 Be a Good Year for NYC’s Luxury Rental Market?

2012 was an interesting year for the luxury rental apartment market in New York City. New Yorkers saw rents for homes in the city zooming upward over the course of the year, while the number of vacant apartments in the market stopped to extremely low levels. But as tumultuous as these occurrences may seem, members of the real estate sector were smiling, as they could see that the market was not only alive, but it was doing extremely well too! With last year putting on such a good show, one wonders: will 2013 be able to repeat the performance of its predecessor?

Winter Slow Down Seen in Manhattan's Rental Market

Recent reports on the rental market in Manhattan have said that rents in the city have seen a decline over the past few months; a decrease that is consistent with the market slow down that is traditionally seen around this time of year. After a summer that saw rental prices in the city shoot through the roof, the statistics for November show that there has been a third consecutive decline in prices being asked for rental apartments in Manhattan.

Scott Stringer: We Need More Affordable Rentals

During the course of this year, New York City has been on a campaign of sorts to champion itself as a place where the country's burgeoning tech industry can both incubate and grow itself. The city has, for the most part, succeeded in this initiative with many tech industry giants like Facebook and Tumblr setting up shop in the city. The city has also promoted the creation of the Cornell University's tech campus on Roosevelt Island, thereby ensuring that New York will now be perceived as a strong rival to the current tech industry oasis of Silicon Valley. So if you work in New York’s tech industry in New York, the city sees you as an incredibly valuable part of the city and is pulling out all stops to make sure you stay on in the city.

Manhattan Rental Report Shows Big Drop in Inventory in November

As the year draws to a close, the latest rental report from MNS for the month of November reveals that rents in Manhattan have fallen again, hence following the trend seen in the borough’s rental market since fall began. However, the decrease seen in November is a very small one, with the average decrease across units reported as only $19. However, professionals following the real estate market closely over the past few years will probably not be too surprised by these values, because decreases in rents are traditionally seen during the same time as temperatures fall in New York City. Besides, the rents here had been on an upward spiral up till September, and had also plateaued at really high values. But November’s report is noteworthy because of the drop in the city's inventory, thanks to a market that was already short of apartments and Superstorm Sandy shuttering many of the new buildings as well.

High End Luxury Rentals in Manhattan Hotter Than Ever

While it is often construed that finding an apartment to rent in New York City is a struggle, the truth is that buying an apartment is no walk in the park either. In fact, when it comes to luxury apartments in Manhattan, reports suggest that it is easier for people to go ahead by renting than by owning, because with the former you aren't tied down, thereby enabling you to be on the lookout for the next best thing on the market. And when that market is an upscale location like Manhattan, one can always expect bigger and better things to become available very soon.