Rentals in demand: High-end in Hell’s Kitchen

TRD NEW YORK /
Feb.February 10, 2014 03:25 PM

Although Chelsea was once again the most in-demand Manhattan neighborhood for rental searches last week, Hell’s Kitchen dominated with luxury rental units, according to Zumper, an apartment listings website. The Upper West Side took second place in the borough, followed by Hell’s Kitchen, the Upper East Side and East Village.

Newly or recently remodeled space and built-in heating and cooling are the two main features that renters seek in the city. Other essentials include a short commute to work, natural light, level of quiet, ample closet space, on-site laundry, dishwasher, doorman and a pet-friendly environment, Zumper data show.

Studio apartments scored the majority of the market share, with 40 percent of the leads. The median rent inquiry was $1,695 per month. Two-bedrooms had 31 percent of the market and a median inquiry of $2,900.

One-bedrooms had 23 percent and $2,100, while three-bedroom apartments netted a mere 6 percent of the leads. The average rent inquiry on three-bedrooms was $7,695.

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 Feb. 9.Mark Maurer


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