search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanBank of Southern California puts Neil Shekhter portfolio up for saleBank of Southern California puts Neil Shekhter portfolio up for saleMayor Bass wants wealthy Angelenos to pay for homeless housingMayor Bass wants wealthy Angelenos to pay for homeless housing
New York

Rental prices flat in Manhattan

 
Rents for Manhattan apartments remained generally flat in June compared to last year, according to a monthly survey by the brokerage Real Estate Group of New York.

Prices for one-bedrooms in non-doorman buildings dropped the most, by 4 percent to $2,859, while studios in non-doorman buildings rose by 2.1 percent to $2,190. Two-bedroom prices fell by 1.8 percent to $4,069.

Sign Up for the undefined Newsletter

In doorman buildings, studios showed a .2 percent drop to $2,642; one-bedroom increased 1 percent to $3,786; and two-bedrooms fell by 1.1 percent to $5,700.

“There are many places in which prices are still holding steady, however, inventories are not being absorbed as quickly as in prior years and the general tone of the market seems to be a bit skeptical,” Daniel Baum, chief operating officer of the Real Estate Group, said in a statement. “Many building owners are offering owner-paid fees, a move generally reserved for down markets.”