One-, two-bedroom Manhattan rents down in March
March 19, 2008 01:13PM
March saw a drop in rents one- and two-bedroom apartments in Manhattan, with studio rents remaining about the same compared to February, according to a monthly report from the Real Estate Group.
The average rent for a two-bedroom in a non-doorman building fell almost 2 percent to $3,858 per month, from $3,929 per month in February. The average rent for a two-bedroom in a doorman building fell half a percent to $5,265.
The average rent for a one-bedroom in a non-doorman building dropped by about 1 percent to $2,792 per month, and the rent for a one-bedroom in a doorman building fell just over half a percent to $3,578.
Non-doorman two-bedrooms in Gramercy Park saw the biggest change over the month, down 6.6 percent to $4,602 per month, from $4,925 per month in February. TRD
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Comments
Anonymous
Why?
Comment #1 Posted By: Anonymous 03/19/08
Anonymous
How is it possible to produce a report for March in the middle of the month???? Really questionable stuff!
Comment #2 Posted By: Anonymous 03/20/08
Anonymous
I have been in the industry for many years and have read this group's reports and found them to be innacurate representations of the rental market.
Comment #3 Posted By: Anonymous 03/20/08
Anonymous
Da! The rent is paid in the beginning of each month.
Comment #4 Posted By: Anonymous 03/25/08