New York City Luxury Rental Blog Archives for March 2015

The Prospect of a Shadowless NYC

 

New York City is known for its endless sea of skyscrapers. They sprout into the sky, and blocking interminable amount of sun, resulting in dreadful showdown-casting monsters. What if that was no longer a concern? The architects of London-based firm NBBJ are set on developing a new structure that will work to eliminate shade year-round, completely redefining the skyscraper.

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Why Are Rents Rising?

Manhattan Rental Market Report

Rent prices are on the rise again, with the median rent up 4.1 percent ($4,093) compared to last year, writes Curbed. Jonathan Miller, compiler of Elliman Report has found that the prices for smaller apartments are now rising faster than the top of the market. In Manhattan, the median price for studios and one-bedrooms is $2,270 - that’s 11 percent up from last year, the highest point in seven years! Brooklyn and Queens rent rates are also going up, though at a much steadier rate. The real question is: why are smaller apartment rents going up?

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3 Architecture Trends to Look Forward To

Midtown Manhattan Market Trends

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

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The Beginning of the End: Airbnb

Airbnb
There has been much controversy lately over the room-sharing startup Airbnb which has recently awakened the argument over innovation vs. regulation. Airbnb has been presented itself as one of the most visible players in the “sharing economy” - ahead of services such as Vrbo and Flipkey. These short-term rentals are allegedly depleting the scarce housing market.

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