In February 2014, the median rental price in the borough of Manhattan has fallen once again from the previous month, January 2014, at a rate of -0.4%. This equates to six total months of median rental decrease. Since last summer rent can be considered as remaining flat, but although the decreases are definitely on a small incremental scale, they are in fact continuing to decrease. Giving Manhattan renters something to smile about, well a small smile in the least. Comparing February 2014 to February 2013 we see a -2.8% decrease in the median rental price, decreases remaining steady on this front, for now at least.

New York City renters are hoping that Mayor de Blasio will follow through with his campaign promise of a renting freeze. The NYC Mayor will be appointing the nine members that make up the Rent Guidelines Board (RGB). This board decides how much regulated rents will increase per year.

A new Long Island City apartment building is nearing completion, bringing 59 new units to the burgeoning neighborhood. Located at 46-09 11th Street, the building will house both market rate and affordable apartments as part of the 80/20 housing program according to Brownstoner. As typical with the new construction in Long Island City, 46-09 11th Street will boast several luxury amenities, such as a rooftop deck, parking garage, private storage and a state-of-the-art fitness center.

Though the overall number of apartments rented in the colder months of the year typically decreases, our attention to the market remains diligently focused. We took a look at the latest data released, and here’s what we saw.

Nearly a year ago, we discussed the future of real estate for 2013, and our estimates were pretty much spot on. Now that this year is coming to a close, take a look back at the most popular articles that we published in 2013.