Rentals in demand: Midtown, one-bedrooms

TRD New York /
Jul.July 01, 2013 11:30 AM

Midtown was the most in-demand neighborhood for tenants looking for a rental apartment in Manhattan in the last week, according to data from apartment listings website Zumper.

“Midtown’s popularity seems to coincide with a lot of the professionals relocating to New York City who want to be close to work,” Taylor Glass-Moore, co-founder and chief operating officer of Zumper, told The Real Deal.

Rounding out the top five neighborhoods getting the most heat were, in order, the West Village, the Upper East Side, the East Village and Harlem, the data show. The West Village led the pack the prior week.

“Harlem’s popularity shows that renters priced out of some of the usually popular neighborhoods are now looking at other areas,” Glass-Moore said.

In terms of unit types, one-bedroom apartments were the most popular for the third consecutive week, comprising almost 55.2 percent of renter inquiries to brokers. The median rent query was for $2,650 per month. Last week, one-bedrooms had 55.8 percent of renter queries.

Two-bedroom apartments trailed with 31 percent, with a median rent inquiry of $3,200.

Studios and three-bedrooms had 10.3 percent and nearly 3.5 percent of leads, with a median inquiry of $2,000 and $3,000, respectively.

Source: Data provided to The Real Deal by Zumper, an apartment listings website. The rankings were determined by a representative sample of emails and phone calls sent by Zumper users in response to Manhattan rental listings available on the site during the week of June 20 through June 27.Mark Maurer


Related Articles

arrow_forward_ios
(Credit: iStock)

The city’s rental growth is slowing

50 Rockefeller Plaza and Katten's Chris DiAngelo (Credit: Google and Katten)

Katten law firm moving to Rockefeller Center

The massive meeting held in a suburban casino outside of Utica came at a time when the real estate industry is asking itself some tough questions. (Credit: iStock)

Meet the 400 landlords that are taking rent laws into their own hands

111 West 57th Street (Credit: iStock)

Another legal door closes for jilted investor at 111 West 57th Street

113-119 East 55th Street and Arthur Zecekndorf of Zeckendorf Development (Credit: Meridian Investment Sales and Getty Images)

These are the details on Zeckendorf Development’s latest residential project

Olivia Gamber, the farmer-in-residence at Staten Island Urby’s Rabbit Garden

The Staten Island rental that’s luring in renters with tomatoes and hot peppers

Portland, Maine (Credit: iStock)

The states with the biggest share of vacation rentals aren’t where you’d think

Landlords are exploring “creative” ways of mitigating the impacts of the new rent law. (Credit: iStock)

How NYC landlords are trying to get around the new rent law

arrow_forward_ios