Apartment rentals New York with Market Trends

Photo: Living Room at 37 Great Jones Street, a luxury rental building in NoHo.

We all know moving is a huge stressor, and even if you are financially well off, the monetary burden of moving can be quite significant. Two leading factors that make buying a home in the long term seem the better choice than renting are cutting back on the number of times one needs to move, along with the perceived investment opportunity.

Manhattan may still reign supreme as the priciest rental market in the city, but Brooklyn’s rental costs are actually growing at a faster rate.

New York City and San Francisco have highly competetive and very different rental scenes.

As advances in engineering permit taller and more impressive buildings, architects have a similar opportunity to showcase new works and interpretations of the cityscape.

Tenants of rent-regulated apartments in New York City will soon have to write out larger checks to their landlords—the Rent Guidelines Board recently approved an increase of at least 4 percent in the rents of the million or so people who currently live in rent-regulated apartments across the city. Starting October 1st, one-year leases for rent-regulated apartments will see a rent increase of 4 percent, while two-year leases will see a rent increase of 7.75 percent.