Rentals in Demand: Bowery on the rebound

TRD's weekly look at the most searched-for apartments

TRD New York /
Apr.April 29, 2014 12:45 PM
 

The West Village may have been the most in-demand Manhattan neighborhood for would-be renters last week, but the searches for listings along the Bowery more than doubled from previous weeks, according to Zumper, an apartment listings website.

Despite the Bowery’s surge in popularity, it did not crack the top five. The ones that did were the Upper East Side, East Village, the Upper West Side and Chelsea. When it comes to apartment size, one-bedrooms smoked the competition, with 42 percent of the leads and a median inquiry of $2,375 per month. Next, two-bedrooms had 33 percent and $2,800, followed by studios with 20 percent and $2,100 and three-bedrooms with 5 percent and $5,150, according to Zumper data. 

The priciest inquiry was for a two-bedroom in Greenwich Village asking $7,900 per month, while the cheapest inquiry was for a Hell’s Kitchen studio listed for $1,450.

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 April 27. — Mark Maurer


Related Articles

arrow_forward_ios
From left: Sen. Brian Kavanagh,  State Assembly Speaker Carl Heastie, Assembly member Yuh-Line Niou and Sen. Zellnor Myrie (Getty)

What Albany’s cooking up for real estate

What Albany’s cooking up for real estate
Carmel Partners CEO Ron Zeff (JLL)

Carmel Partners sells Norwalk apartment complex valued at $157M

Carmel Partners sells Norwalk apartment complex valued at $157M
National Apartment Association CEO Bob Pinnegar and Health and Human Services secretary Alex Azar (NAA; Getty)

Group representing 85K landlords joins suit to stop CDC eviction ban

Group representing 85K landlords joins suit to stop CDC eviction ban
Wall Street investors are prepared to buy and turn single-family homes into rentals when forbearance programs expire and homeowners look to sell. (iStock)

Wall Street investors bet on single-family rentals as mortgage payments stack up

Wall Street investors bet on single-family rentals as mortgage payments stack up
Zumper CEO Anthemos Georgiades (Getty; iStock)

What you need to know about Zumper, a $400M startup accused of renter bias

What you need to know about Zumper, a $400M startup accused of renter bias
(iStock)

Landlords lost about $9B in rental payments last quarter: report

Landlords lost about $9B in rental payments last quarter: report
Parc East Towers in 240 East 27th Street (iStock; Equity Apartments)

Here’s where NYC rents fell the most in August

Here’s where NYC rents fell the most in August
Nationwide market-rate rent payments in September sank to their lowest levels since the start of the pandemic (Source: National Multifamily Housing Council/Tableau)

Market-rate rent payments sink to lowest level since start of pandemic

Market-rate rent payments sink to lowest level since start of 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...