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4th Quarter/Year-End 2009 Report - Manhattan Residential Rental Market Thursday, Jan 14, 2010 Average Rents | 4Q 2009 Market-wide for Manhattan, the average 4Q 2009 rental price for a studio was $1,733, representing a decrease of 1.5% from 3Q 2009; a one bedroom, $2,343 representing a decrease of 3.3% from 3Q 2009; a two bedroom, $3,294 representing a decrease of 2.6% from 3Q 2009; and three bedroom, $4,591 representing a decrease of 3.3% from 3Q 2009. Vacancy Rates | 4Q 2009 The overall vacancy rate for Manhattan for 4Q 2009 was 1.79% representing a 0.08% increase in the vacancy rate from the 3Q 2009 rate of 1.71%. A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at 1.05%, while the Upper East Side, at 2.24%, ranked highest. Average Rents | 2009 Market-wide for Manhattan, the average 2009 rental price for a studio was $1,757, representing a decrease of 6.7% from 2008; a one bedroom, $2,406 representing a decrease of 7.7% from 2008; a two bedroom, $3,411 representing a decrease of 7.8% from 2008; and three bedroom, $4,560 representing a decrease of 6.9% from 2008. Vacancy Rates | 2009 The overall vacancy rate for Manhattan for 2009 was 1.93% representing a 0.51% increase in the vacancy rate from the 2008 rate of 1.42%. A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at 1.35%, while the Upper East Side, at 2.38%, ranked highest. Please click on the image to view the Manhattan Residential Rental Market 4th Quarter / Year-End  2009 Report. Filed under: Manhattan, Market Reports Share	RECENT POSTS NEIGHBORHOOD PROFILE – The Upper West Side 20 Questions with Tami Wasserman Five Reasons Why You Still Need A Real Estate Agent Citi Habitats Top Producers Celebration 20 Questions with Elizabeth Hamersley GRAMERCY/FLATIRON Neighborhood Profile Mortgage Rates Fall for Third Week FHA Sets Tighter Lending Requirements RELATED Events Manhattan Market Reports New Developments News Press Releases Rentals Sales All Sections ARCHIVES May 2010 April 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 Add CitiBlog feed

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