Rents improve, vacancy rate declines in FiDi

Average rents in the Financial District improved across the board in 2010, up an average of 5 percent over 2009, according to Platinum Properties’ year-end report, released today (see full report below), which covers 2,371 closed lease transactions in the neighborhood by multiple brokerages. Studios and one- and two-bedroom units saw average rents of $2,314, $3,014 and $4,442, respectively, during 2010, representing climbs of 4.68 percent, 3.88 percent and 9.05 percent over 2009’s average rents. The vacancy rate declined somewhat in the FiDi during 2010, the report shows, down to 3.61 percent, from 4.98 percent in 2009. TRD

Sign Up for the undefined Newsletter

The FiDi Report 2010 Year-End