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Chief Blogger: Christopher Dente, Director of Public Relations | 212.685.7777 | cdente@citi-habitats.com	More Posts

Rentals Owners No More Posted by Christopher Dente |  October 15, 2009 Owners No More   NY Times | By TERI KARUSH ROGERS | October 9, 2009  AS many co-op and condo owners can attest, ownership has its drawbacks. These include the intermittent misery of dealing with a board and the waking nightmare of serving on one. There are also the occasional hair-raising assessments for improvements to the building, on top of the expense of maintaining an apartment. Read full article here.   Comments(0) Filed under: Manhattan, News, Rentals, Sales Share 3rd Quarter 2009 Report - Manhattan Residential Rental Market Credit to: Christopher Dente Posted by Christopher Dente |  October 15, 2009 Average Rents 3Q 2009 Market-wide for Manhattan, the average 3Q 2009 rental price for a studio was $1,760, representing a decrease of .3% from 2Q  2009; a one bedroom, $2,423 representing a decrease of .2% from 2Q 2009; a two bedroom, $3,481 representing a decrease of 1.9% from 2Q 2009; and three bedroom, $4,591 representing a decrease of 1% from 2Q 2009. Vacancy Rates 3Q 2009 The overall vacancy rate for Manhattan for 3Q 2009 was 1.71% representing a decrease of 0.17 in the vacancy rate from the 2Q 2009 rate of 1.88%. A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .1.08%, while the Upper East Side, at 2.41%, ranked highest. Please click on the image to view the Manhattan Residential Rental Market 3rd Quarter 2009 Report.   Comments(0) Filed under: Manhattan, Market Reports, New Developments, Rentals Share Peak Rental Season 2009 Residential Market Report Credit to: Christopher Dente Posted by Christopher Dente |  September 24, 2009 We are pleased to present our first Peak Rental Season 2009 Residential Market Report, a comprehensive analysis of the May–August Manhattan rental market. Peak Season Average Rents 2009/2008 Market-wide for Manhattan, the average 2009 peak season rental price for a studio was $1,763, representing a decrease of 11% from peak season 2008; a one bedroom, $2,425 representing a decrease of 8% from peak season 2008; a two bedroom, $3,431 representing a decrease of 11% from peak season 2008; and three bedroom, $4,533 representing a decrease of 8% from peak season 2008. Peak Season Vacancy Rates 2009/2008 The overall vacancy rate for Manhattan for peak season 2009 was 1.66% representing an increase of 0.47 in the vacancy rate from the peak season 2008 rate of 1.19%. Please click on the image to view full report.      Comments(0) Filed under: Manhattan, Market Reports, News, Rentals Share Apartment rents see annual price drop Posted by Christopher Dente |  September 10, 2009 Apartment rents see annual price drop Candace Taylor | September 09, 2009   (The Real Deal) Citi Habitats today released its rental market report for August, revealing year-over-year rent declines in all categories but little change from July. Read full article here.   Comments(0) Filed under: News, Rentals Share Rental Market Analysis -August 2009 Credit to: Christopher Dente Posted by Christopher Dente |  September 10, 2009 Rental Market Analysis -August 2009 Average Rents 8/09 Market-wide for Manhattan, the average monthly rental price for a studio was $1,756, representing a decrease of 1% from July 2009; a one bedroom, $2,442 representing an increase of 1% from July 2009; a two bedroom, $3,372 representing a slight increase from July 2009; and three bedroom, $4,583 representing a decrease of 1% from July 2009. A neighborhood average rent comparison for a studio apartment for the same period indicates that the SoHo/Tribeca area of Manhattan had the highest rental rate at $2,086 with the lowest rate in Washington Heights at $1,100. A similar average rent comparison for a one-bedroom apartment indicates that the SoHo/Tribeca area of Manhattan has the highest rental rates at $3,184 with the lowest rate in Washington Heights at $1,488. Vacancy Rates 8/09 The overall vacancy rate for Manhattan for August 2009 was 1.62% representing a decrease in the vacancy rate from the July 2009 rate of 1.67%. A comparison of vacancy rates, by neighborhood, reveals that the Chelsea area had the least amount of available apartments at .88%, while the Upper East Side, at 2.37%, ranked highest. Please click here to view the entire report.   Comments(0) Filed under: Manhattan, Rentals Share	RECENT POSTS Mortgage Rate Update U.S. Mortgage Rates Fall for Third Consecutive Week With F.H.A. Help, Easy Loans in Expensive Areas U.S. Housing Recovery Delayed to 2010 as Market Wanes Real Estate Outlook: Moving Towards Recovery First-time homebuyers leading market back Bidding Wars Resume Mortgage Rate Update RELATED Events Manhattan Market Reports New Developments News Press Releases Rentals Sales All Sections ARCHIVES November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 Add CitiBlog feed

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