New York City Rental Prices New York City, NY is recovering from the Covid pandemic only to meet with new challenges for its rental market. Vacancy rates in each of its 3 main Burroughs are extremely low while rent prices are recovering. As this graphic courtesy of Zillow shows, rent prices in metro New York…
Apartmentlist, Zumper and Census.gov Rent Price Reports December's rent price reports show one bedroom apartment prices in the major metros are falling further, however 2 bedroom rents seem to be rising faster. Although rent prices generally are climbing fast across the nation, they are dropping significantly in some of the major metros including New York…
Rental Property Trends A big trend in rental apartments is happening, but isn't being reported as it should be. It represents a significant threat to many urban landlords and is altering the rental property landscape. Covid 19 in community, office and transit, retail shutdowns and business closures with lost income, persistent high rents, high taxes, political…
New York Rental Vacancies Climbing Faster Summer rental vacancy rates typically climb, yet in this scorching hot summer of 2020, vacancies in New York City are rising at a rate that is concerning to small and mid-sized landlords. In New York and Manhattan the rising vacancy rate, rent default rate, and tenant employment situation may…
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