Apartment rentals New York with Rental Stats

Unhappy Trending? For NYC Rentals, January Was Another Month Of Lower Vacancies and Higher Rents

We'd start this post with a "stop us if you've heard this one before," but for two reasons -- the first being that you have certainly heard this news before, and the second being that you've heard it often enough that we've probably already rolled out the "stop us if you've heard this one before." And because we don't want to stop, and because you've certainly heard this news before, we'll just go ahead and say it -- January was another month of (incrementally) increased rents and (notably) tightened vacancies in a NYC rental marketplace that has been defined by those trendlines for months now. This is the thing with trends, of course -- they tend to be linear, and they tend to be difficult to blog about without repeating oneself. The problem, here, being that -- when it comes to Manhattan rental listings over hte past few months -- the trend has proven to be especially persistent. How much so?

Luxury Rentals Manhattan Stathead Special: October's NYC Rental Apartment Stats In Context

It's the nature of things, both here at Luxury Rentals Manhattan and elsewhere in the world, to see things out of context. After all, what's happening right now generally seems more important because of that right-nowness. But when it comes to Manhattan apartment rental figures -- heck, when it comes to anything at all -- context is the thing. Slight fluctuations from month to month are meaningful as far as they go -- that is, 30-odd days -- but not so meaningful beyond that. Which, besides the fact that we're kind of into anything having to do with Manhattan apartment rentals, is why we so dig UrbanDigs' multi-year, context-rich NYC real estate rental chart. So, what are we looking at, here?