Apartment rentals New York with NYC Real Estate

There's no sense in trying to hide it: we at Luxury Rentals Manhattan love the Garment District's Emerald Green. The LEED-certified green rental building is not only one of the more intriguing new green rental listings in Manhattan, but Emerald Green's location -- 320 West 38th Street, if you're curious -- in a neighborhood otherwise fairly short on luxury rental listings (green or otherwise) makes it an especially intriguing development. More intriguing is the news that Glenwood, the heavy-hitter Manhattan real estate developers behind Emerald Green, are planning an Emerald Green sequel in the same neighborhood, at 330 West 39th Street. Even if Emerald Green weren't such a favorite of ours here at Luxury Rentals Manhattan, this would be an interesting development.

The Manhattan real estate market is a volatile and complicated thing. Given that you're almost certainly at Luxury Rentals Manhattan because you're searching for a rental apartment in Manhattan, you already know about the "complicated" part. But the volatility of the NYC rental market is what makes Manhattan real estate such a fascinating thing. Well, that volatility and the volatility of NYC real estate market watchers, who tend to freak out about even the smallest bit of real estate news. The Wall Street Journal's recent report that Manhattan rents rose 0.9% in the first quarter of 2010 is one such bit of real estate news, but the freakout it has precipitated is not entirely uncalled for. The rise in Manhattan rental prices was the first such bump in NYC rents in five quarters, and has Curbed, among other websites, wondering if the long renter's market on Manhattan rental apartments is drawing to a close. So, is it?