A new year has begun and rental predictions for NYC real estate in 2016 are already dynamic seedlings of thought. Although the city is a shapeshifting landscape with equally elusive intangible and concrete trends, it’s still fun to forecast the future.
StreetEasy published its annual quarterly report last week, reflecting fourth quarter real estate market data in Manhattan and Brooklyn. Its findings in rental trends revealed the sharpest spike in rents in Upper Manhattan and the Upper East Side, confirmation that uptown neighborhoods are getting a lot of attention these days as the most desirable places to live. If you’re deciding between Upper Manhattan (above 110th Street on both the east and west) and the Upper East Side, our neighborhood primer can help you suss out what the different areas offer.