The Real Deal New York

Report: high rents, ultra-low vacancy rates in Manhattan

November 14, 2006 12:00AM

New numbers for October from real estate firm Citi Habitats show high residential rents and low vacancy rates across Manhattan. Borough-wide, the average apartment rented for $2,863 a month.

Soho/Tribeca had the highest neighborhood rents by far, with spots in those neighborhoods renting for an average of $4,316 a month, making them far more expensive than even Chelsea and the West Village, where rents averaged just over $3,200 per month. Bargain hunters should head north — way north — to Harlem, where the average apartment rents for just $1,754 a month.
more By Tim Moran

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