The Real Deal New York

Rentals in demand: Studio searches fall 50 percent

January 08, 2014 02:10PM

  • Print

Rentals-in-demandThe East Village was the most in-demand Manhattan neighborhood of the last week. It joined the Upper West Side, Gramercy Park, Greenwich Village and Murray Hill in knocking front-runner the Upper East Side out of the top five for at least a seven-day stretch, according to Zumper, an apartment listings website.

One-bedroom apartments carried the torch with 35 percent of the total market share and a median inquiry of $2,038. Three-bedrooms had 30 percent of the market and a median query of $2,995. In third place, studios had a still-respectable 25 percent and a median query of $1,995.

Two-bedrooms were largely forgotten, with the remaining 10 percent and a $2,450 median.

“Searches for studios dropped by 50 percent, whereas three-bedroom searches increased as a group of affordably priced units opened up in Nolita, Little Italy and Hell’s Kitchen,” Zumper COO Taylor Glass-Moore told The Real Deal.

Methodology: Zumper determined the rankings by using a representative sample of emails and phone calls from renters interested in its Manhattan listings available for the week ending Jan. 5.Mark Maurer


Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News