Manhattan apartment rental rates rose by an average of 1.38 percent over the past month as inventory fell by 4.52 percent, according to the Real Estate Group NY’s December market report, out today. Among the trends the brokerage observed: larger, non-doorman units are filling up faster than smaller apartments with doormen. Apartments without doormen saw a 5.86 percent drop in supply in December, compared with a 3.51 percent drop for full-service apartments. Also, Manhattan’s inventory for two-bedrooms fell by 4.03 percent as their prices climbed by an average of 3.15 percent. See the full report below. TRD
