[Thinking Small] 2Q 2010 Manhattan Rental Market Overview Available For Download
Posted by Jonathan J. Miller -Thursday, July 8, 2010, 12:34 AM
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The 2Q 2010 Manhattan Market Overview , part of a report series that we have authored for Prudential Douglas Elliman since 1994, was released today.
Here’s an excerpt from the report:
The second quarter average rental price of a Manhattan apartment fell 3.3% to $3,710 per month from $3,839 in the same period last year. The decline was largely caused by the drop in the average size of a rental apartment to 898 square feet from 1,043 square feet over the same period. As a result, rental price per square foot increased 12.3% to $49.60 from $44.16 reflecting the higher price per square foot skew seen in smaller apartments.
You can build some cool custom data tables and view charts with the current data.
Other reports we prepare can be found here.
Download 2Q 2010 Manhattan Rental Market Overview [Miller Samuel]
