Rentals in Demand: FiDi dominates with studios

TRD New York /
Jan.January 13, 2014 12:40 PM

The Financial District soared last week, becoming the most in-demand Manhattan neighborhood, according to Zumper, an apartment listings website. Rounding out the top five neighborhoods in demand were Chelsea, the Upper West Side, Greenwich Village and – the prior week’s victor – the East Village. Studios drew the bulk of renters’ interest, the Zumper data show.

“The Financial District Was The Most Popular Place for studio searches, driving the median searched price up by 14 percent,” Zumper COO Taylor Glass-Moore told The Real Deal. “East Village was the most popular place for one-bedroom searches, which explains a 3 percent price drop. The searched price for a two-bedroom increased 14 percent while three-bedroom prices remained stable.”

Studios and two-bedrooms tied for the majority of the market share, with 35 percent apiece. The median rent inquiries were $2,270 and $2,800, respectively.

One-bedrooms had 25 percent of the market and a median inquiry of $1,980. Three-bedrooms trailed with 5 percent and $2,975.

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. 12.Mark Maurer


Related Articles

arrow_forward_ios
(iStock)

Dead weight: A breakdown of NYC’s rental listing glut

Dead weight: A breakdown of NYC’s rental listing glut
(Getty)

Manhattan rents fall below $3,000 for first time since 2011

Manhattan rents fall below $3,000 for first time since 2011
The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock)

Rent collections in market-rate apartments stagnate in October

Rent collections in market-rate apartments stagnate in October
Public Advocate Jumaane Williams (Getty; iStock)

“It’s compliance warfare”: Industry slams landlord accountability bills

“It’s compliance warfare”: Industry slams landlord accountability bills
Pretium CEO Don Mullen and Ares Management CEO Michael Arougheti (Photos via Pretium; Getty)

Pretium, Ares agree to buy Front Yard Residential

Pretium, Ares agree to buy Front Yard Residential
San Francisco and New York (iStock)

San Francisco rents continued unprecedented slide

San Francisco rents continued unprecedented slide
(Getty, iStock)

NYC rents continue to drop, and landlords are feeling the crunch

NYC rents continue to drop, and landlords are feeling the crunch
Change of address data from the United States Postal Service reveals that 15.9 million people moved between February and July this year. (iStock)

How many Americans actually moved during the pandemic?

How many Americans actually moved during the pandemic?
arrow_forward_ios

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

Loading...