Friday, July 15, 2011

Finding the right apartment - finding a needle in a haystack?

The Wall Street Journal reported Skyward Move in Rents....


The bottom line:

  • Manhattan rents were up 10.1%, the biggest average increase in rent since the end of 2006.
  • Manhattan monthly rent for a one-bedroom apartment averaged $2,672 while monthly rent for a two-bedroom averaged $3,757.
  • The Manhattan vacancy rate fell to 0.72% - the lowest vacancy rate on record since 2002.
  • Just 11% of apartment transactions in New York last month included some type if concession, less than half of the 28% that did in June 2010.
Read the full article :  here

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