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Market Reports
Rental Market Analysis - November 2009
December 14, 2009
Average Rents | November 2009
Market-wide for Manhattan, the average November 2009 rental price for a studio was $1,728, representing no change from October 2009; a one bedroom, $2,345 representing a decrease of 2% from October 2009; a two bedroom, $3,298 representing no change from October 2009; and three bedroom, $4,445 representing a decrease of 1% from October 2009.
Vacancy Rates | November 2009
The overall vacancy rate for Manhattan for November 2009 was 1.87% representing no change in the vacancy rate from the October 2009 rate of 1.86%.
A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .98%, while the BPC/Financial District, at 2.22%, ranked highest.
Please click here to view the entire report.
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Mortgage Rate Update
November 16, 2009
Source: BankRate.com
View: three months
5/1 A.R.M. 4.09%
15-Year Fixed 4.60%
30-Year Fixed 5.02%
5/1 Jumbo 4.77%
15-Year Jumbo 5.39%
30-Year Jumbo 5.89%
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The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
November 12, 2009
The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
Though the global recession continued to impact Lower Manhattan in Q3 2009, the real estate market outperformed other business districts and showed signs of stabilization. There was a notable uptick in leasing activity between July and September, highlighted by the signing of two of the city’s largest leases this year. Meanwhile, residential vacancy rates remained very low, and hotel prices and occupancy outpaced the greater New York City market. Additionally, 21 retailers opened their doors this quarter, ranging from a national steakhouse chain to delis, clothing stores, and hair salons.
Click here to read the Q3 2009 Real Estate Market Overview, covering office, residential, hotel, and retail market performance.
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Rental Market Analysis - October 2009
November 12, 2009
Average Rents October 2009
Market-wide for Manhattan, the average October 2009 rental price for a studio was $1,731, representing a decrease of 1% from September 2009; a one bedroom, $2,384 representing a decrease of 1% from September 2009; a two bedroom, $3,307 representing a decrease of 1% from September 2009; and three bedroom, $4,494 representing a decrease of 1% from September 2009.
Vacancy Rates October 2009
The overall vacancy rate for Manhattan for October 2009 was 1.86% representing a slight increase in the vacancy rate from the September 2009 rate of 1.83%.
A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .95%, while the Upper East Side, at 2.41%, ranked highest.
Please click here to view the entire report.
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3rd Quarter 2009 Manhattan Sales Market Report
October 15, 2009
Please click on the image to view the entire 3rd Quarter 2009 Manhattan Sales Market Report
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