Good article on the current rental market conditions.
Some key data points:
*Manhattan's apartment vacancy rate was 0.72% in the second quarter*Rental prices for studios and one-, two- and three-bedroom apartments increased 9.1%, 9.2%, 10.8% and 11.3% over the past year
*The average apartment rental remained on the market for 33 days, compared with 40 days last year
*The average rental concession was 1.2 months of free rent or its equivalent in the second quarter
*The average rental price increased 3.4% for tenants after concessions this year
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