[Three Cents Worth #172 NY] Manhattan Rents Not Feeling Peaked

Posted by Jonathan J. Miller -Wednesday, July 13, 2011, 5:53 PM
5 Comments

It’s time to share my Three Cents Worth on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world.

Last week we released our rental study and the consensus was that the rental market was strong, better than the sales market (and expensive). So I thought I’d present the past 20 years and look at some of the peaks. When adjusted for inflation, the perspective of when peak was actually changes quite a bit.

Three Cents Worth: Manhattan Rents Not Feeling Peaked

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5 Responses to “[Three Cents Worth #172 NY] Manhattan Rents Not Feeling Peaked”

1. Ignatius says:

   July 14, 2011 at 9:30 AM

   At first I questioned what you were using as an inflation index, but I checked it out and the CPI is indeed 30% higher than it was in 2000. Kind of crazy, and it seems unlikely that it will rise at a slower rate in the future.

   With 15 year mortgage rates around 3.75%, loading up on debt doesn’t seem as scary anymore.
2. Manhattan Rentals (Inflation Adjusted) | The Big Picture says:

   July 14, 2011 at 12:14 PM

   [...] Miller of Matrix RE released a rental study of Manhattan real estate: Last week we released our rental study and the consensus was that the rental market was strong, [...]
3. The Big Apple: Citywide stats improve. . . a bit « says:

   July 15, 2011 at 6:08 AM

   [...] rents are rising, but appraisal executive Jonathan Miller demonstrates that they’ve been higher when inflation [...]
4. Calgary Real Estate says:

   July 19, 2011 at 8:42 PM

   Specialy with low home buying activity, rental market should be strong.
5. Real Estate Park City says:

   July 20, 2011 at 12:29 AM

   I think it’s also because of the recession that there are many people who rent that’s why the rental market has become stronger.