New York City Luxury Rental Blog

Competing for You: Developers Aim to Please with Amenities

Midtown's cityscape offers a variety of new constructions and older buildings.

Last year, Luxury Rentals Manhattan shared some of our favorite building amenities — and it took a while to put together, since there are so many great spaces out there — and that may be for a good reason.  “Amenity creep” is what the New York Times used to describe the trend (especially as it applies to Brooklyn and Queens as new construction rentals pop up on the waterfront) of developers using better amenities and services to attract renters.  To be sure, attracting tenants in such a demanding market segment has become progressively more difficult, and the developers’ collective response was to compete with the best fixtures in-unit, and best amenities in-building.

Rental Market Report: Outer Boroughs Hold Their Own

So we know that NYC has the sixth highest rental market in the nation (technically, the Northern New Jersey-New York area ranked sixth); Samuel Miller’s December 2014 rental report provided more insight into what exactly it looks like, and long story short: median rent levels went up as mean levels went down.

2014's Highest Rent Markets: Where Does NYC Rank?

Zillow calculated the average rents in the nation’s biggest metropolitan markets for 2014, and the NYC area doesn’t even rank in the highest five (pretty not bad for the country's most livable city).  As has been reported previously, California rents topped the list, occupying four out of the top five spots.  Curiously, San Francisco’s average ($1,598), which in previous months had beat out New York’s ($1,228), was actually the second highest — the region with the highest rents was actually San Jose, which was calculated to have an average monthly rent of $1,807.

2014 Year End Wrap-Up: Luxury Rentals Manhattan's Top 7 Stories

2014 has been a pretty solid year for New York’s rental markets.  From neighborhood-boosting projects like the High Line to an increasingly impressive Billionaire's Row, the sector and overall industry have set some pretty high bars for 2015.

 

5 Best Buildings By Amenities

From excellent concierge service to a pet-oriented experience center, an extensive amenity space is always something to look forward to.  Here are five of Luxury Rentals Manhattan's top picks for best amenity spaces.

New York City Tops Most Livable

New York City has been ranked as the country’s most “livable” city for people under 35, surpassing 100 of the most populous cities in the country, according to Vocativ’s 2014 “Livability Index.” The city stole the trophy from last year’s holder: Portland.

Downtown Brooklyn Gets Snazzy New Rental Building

ODA Architecture has issued a rendering for its 28-story building called 436 Albee Square in Downtown Brooklyn. At 310 feet tall, the place will have 150 units spread out across 120,000 square feet of residential space.

432 Park, Billionaire's Row, and the Future of Cityscape

The set of seven sky-high luxury apartment buildings to take root in midtown Manhattan over the next decade is sure to alter the cityscape. Known as Billionaire’s row, “it’s one thing to rend about $130 million apartments--it’s another thing to see just what an impact these obelisks will have on the Manhattan skyline.”