The Real Deal New York

Rentals in demand: East Village, Gramercy Park studios

February 03, 2014 12:47PM

Rentals-in-demand

The East Village was the most in-demand Manhattan neighborhood last week, and tied with Gramercy Park for the area with the most studio searches, according to Zumper, an apartment listings website.

The rest of the top five were, in order, Gramercy Park, the Upper West Side, Washington Heights and the Financial District. One-bedroom apartments held the lion’s share of the leads, with 40 percent. The median rent inquiry was $2,348 per month. Two-bedrooms had 33 percent of the market and a monthly median inquiry of $2,800. Studios, the previous week’s leader, trailed this time with 27 percent of the leads and a monthly inquiry of $1,950, Zumper data show.

Meanwhile, three-bedrooms struck out altogether with no leads.

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 Feb. 2. — Mark Maurer

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