Rentals in demand: Studio searches fall 50 percent

TRD New York /
Jan.January 08, 2014 02:10 PM

The East Village was the most in-demand Manhattan neighborhood of the last week. It joined the Upper West Side, Gramercy Park, Greenwich Village and Murray Hill in knocking front-runner the Upper East Side out of the top five for at least a seven-day stretch, according to Zumper, an apartment listings website.

One-bedroom apartments carried the torch with 35 percent of the total market share and a median inquiry of $2,038. Three-bedrooms had 30 percent of the market and a median query of $2,995. In third place, studios had a still-respectable 25 percent and a median query of $1,995.

Two-bedrooms were largely forgotten, with the remaining 10 percent and a $2,450 median.

“Searches for studios dropped by 50 percent, whereas three-bedroom searches increased as a group of affordably priced units opened up in Nolita, Little Italy and Hell’s Kitchen,” Zumper COO Taylor Glass-Moore told The Real Deal.

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 Jan. 5.Mark Maurer


Related Articles

arrow_forward_ios
317 West 77th Street (Google Maps, iStock)

Townhouse owners make federal case of cell tower next door

Townhouse owners make federal case of cell tower next door
Assembly Speaker Carl Heastie (Getty)

Assembly speaker fast-tracks rent relief bill

Assembly speaker fast-tracks rent relief bill
New York State lawmakers have approved a moratorium on evictions for the remainder of the Covid-19 emergency. (iStock)

Eviction-ban bill passed by lawmakers as landlords object

Eviction-ban bill passed by lawmakers as landlords object
New York Chief Administrative Judge Lawrence Marks (Credit: Albin Lohr-Jones/Pacific Press/LightRocket via Getty Images, iStock)

Ruling means NYC eviction discussions can resume

Ruling means NYC eviction discussions can resume
A new survey conducted by a landlord trade association shows that a quarter of New York City renters did not pay any rent in May. (Credit: iStock; Getty Images)

About 25% of NYC renters didn’t pay in May: survey

About 25% of NYC renters didn’t pay in May: survey
A new study found that almost nine in 10 households have paid at least some rent in May (Credit: iStock)

Almost 90% of renters have made payments in May: report

Almost 90% of renters have made payments in May: report
Gov. Andrew Cuomo (Credit: Bruce Bennett/Getty Images)

Landlords puzzled by Cuomo’s eviction policy

Landlords puzzled by Cuomo’s eviction policy
The number of New Yorkers signing new leases plummeted in April 

Rental activity hits record lows in Manhattan and Queens

Rental activity hits record lows in Manhattan and Queens
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...