From the November issue: The rental market in New York is not exactly known as a bastion of transparency: To fill the information void, several competing rental market reports have recently emerged and are going head-to-head. However, in a puzzle for the industry, the reports sometimes feature wildly divergent information. Ubiquitous appraisal firm Miller Samuel launched its first-ever rental report a few months ago; rental brokerage giant Citi Habitats, long a provider of rental statistics, released a new “peak season” rental report in September; and newly merged TDG/TREGNY is continuing to publish its frequently cited Manhattan monthly report, which it has been doing since 2007. But while it may seem that a sudden increase in rental information would help paint a clearer picture of New York’s long-mysterious rental market, there have been significant differences in some key numbers.
