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Thursday, April 26, 2012

Look at NYC Average Rent by LOCATION.


        RENTAL MARKET ANALYSIS:  March  2012





AVERAGE RENT SUMMARY:3/12

LOCATION
STUDIO
1BR
2BR
3BR


LOCATION
STUDIO
1BR
2BR
3BR
Chelsea
$2328
3372
4974
5814


SoHo/TriBeCa
$2500
3894
6081
8885
East Village
$1856
2678
3256
4295


Upper East Side
$1706
2416
3472
5763
Gramercy/Flatiron
$2232
3307
4741
5730


Upper West Side
$1794
2478
3992
6113
Harlem
$1292
1668
2002
2725


Wall Street/BPC
$2504
3198
4552
5648
Lower East Side
$1850
2227
3495
4326


Washington Heights
$1128
1475
1771
2228
Midtown East
$1978
2551
3880
4902


West Village
$2415
3559
4443
6096
Midtown West
$2139
3362
4611
5329


March Average
$1953
2747
3865
5107
Morningside Heights
$1619
2270
3075
4100


February Average
$1936
2695
3825
5049



Murray Hill                               $1956        2751         3632          4651

% Change                                       1%         2%          1%        1%







VACANCY SUMMARY: 3/12

NEIGHBORHOOD
VACANCY RATE


NEIGHBORHOOD
VACANCY RATE
BPC / Financial Dist
1.24%


SoHo/TriBeCa
0.68%
Chelsea
1.05%


Upper East Side
1.32%
East Village/LES
1.53%


Upper West Side
1.42%
Gramercy
1.10%


West Village
0.94%
Midtown East
1.32%


March Average
1.25%
Midtown West
1.38%


February Average
1.25%
Murray Hill
1.27%


Difference
0




BLDG CLASSIFICATION
STUDIO
1BR
2BR
3BR

New Development w/ DM*

$2944

3938

6397

8484

Doorman

$2489

3590

5626

7013

Elevator***

$2186

2976

4146

5613

Walkup**

$1964

2542

3362

4694

* New Developments  include all rental and condo buildings built after 2005.


**Walkup averages include brownstone  and townhouse rentals.


***Elevator averages in the downtown neighborhoods include a significant number of loft rentals compared to other neighborhoods.


Thanks To Citihabitit You can find Updated Reports on their website.
http://citihabitat.com/media/pdf/RMA%203-12.pdf