The Real Deal New York

Manhattan apartment vacancies on the rise

November 13, 2008 04:50PM

Rents
were down and vacancies were up in Manhattan in October, according to
Citi Habitats. Vacancies in Manhattan apartments increased to 1.71
percent in October, at least a 12-month high, from 1.46 percent in September.
Average monthly studio rents fell by more than $100 in Harlem and the
Financial District, and more than $200 for East Village one-bedrooms.


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