The Real Deal New York

Rentals in demand: Chelsea one-bedrooms

January 21, 2014 04:40PM

Rentals-in-demand

Chelsea was not only the most in-demand Manhattan neighborhood last week — it also was the go-to spot for one-bedroom searches, according to Zumper, an apartment listings website.

The rest of the top five of neighborhoods in demand were the Upper East Side, Greenwich Village, West Village and Gramercy Park. The Financial District, nowhere to be seen this time around, took the crown the week before last.

“Searched prices of studios and two-bedrooms dropped as most were targeted at Harlem and Washington Heights,” Zumper COO Taylor Glass-Moore told The Real Deal. “The searched price for three-bedrooms increased as renters targeted some luxury units in West Village and Greenwich Village.”

Studio apartments scored the majority of the market share, with 39 percent of the leads. The median rent inquiry was $1,350 per month. One-bedrooms had 32 percent of the market and a median inquiry of $2,495.

Two-bedrooms and three-bedrooms tied with a lackluster 15 percent of leads apiece. They had a median inquiry of $2,247 and $6,698, respectively.

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. 19. — Mark Maurer

  • James Bond

    Analysis from one website that is not well known… I don’t know why this is on TRD. The reason the most searched neighborhoods change week to week is the minute sampling. This gives no real info.

    • BigBoysBlast

      Yes these weekly articles from Zumper are probably the most useless things TRD posts

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