Residential rents shift slightly in April
May 14, 2009 12:10PM
Citi Habitats President Gary Malin
Manhattan rents changed slightly between March and April, according to the April rental market analysis released today by brokerage Citi Habitats. Studio apartment rents held steady at an average of $1,774. One-bedroom rents fell slightly to $2,434 from $2,443, and two-bedroom rents dipped to $3,460 from $3,551. Rents for three-bedrooms rose to $4,607 from $4,594. The overall vacancy rate fell to 2.28 percent from 2.37 in March. Midtown East had the highest vacancy rate, at 2.7 percent, of the 11 neighborhoods included in the report, while the Soho/Tribeca area had the lowest, at 1.78 percent. TRD
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Comments
Anonymous
Can you please share Citi's methodology for gathering this data? I do not believe it is statistically significant/accurate
Comment #1 Posted By: Anonymous 05/14/09
Anonymous
This is their methodology: insert forefinger and thumb into the rectum, then pull the data out slowly.
Comment #2 Posted By: Anonymous 05/14/09
Anonymous
phew! we are back!
Comment #3 Posted By: Anonymous 05/14/09
Anonymous
lol #2
Comment #4 Posted By: Anonymous 05/14/09