Browsing All posts tagged under »NYC Vacancy Rate«

Rents Rise as NYC Vacancy Rates Continue to Fall

January 10, 2011

0

Even with the addition of over 7,000 residential units from developers throughout New York City, the Wall Street Journal is reporting that vacancy rates fell from last quarter and rents continue to rise.  In broad terms the average rent in NYC is within reach of $2,800 and vacancy for all boroughs is just above 3%.  As […]

November 2010 Rental Market Report for NYC, Intricacies Explained

December 9, 2010

0

The new Citi Habitats ‘State of the Market’ report just came out and gives us some insight into how the rental market is looking. Topline: – Relative to October 2010, Vacancy rose .05%, meaning 1 more apartment per 2000 was on the market than in October.  Compared to a year ago however, vacancies are down […]

US Vacancy Rates drop 0.6% to 7.2%

October 6, 2010

0

A few days ago we wrote about the more confident landlord mindset heading into the fall of 2010.  However, due to a small increase in vacancy in the city from the lows of July/August, there was a question of if it would last. Well, an article just released by Reuters discusses how the national vacancy rate […]

Landlords Feel More in Control – But for How Long?

September 30, 2010

2

Another article from the New York Times has come out championing the Landlord’s upper hand in what might be ‘a sign’ of a recovering economy.  Concessions for new renters – items like free rent or paid-for broker’s fees – are trimming down as inventory has shrunk from over 2% a year ago.  When times are rough […]

Blog at WordPress.com.