New York Habitat Blog

In 2006, New York Housing costs rose by 6.5% as the supply in the market remained tight with an average vacancy rate between 1% and 2%. The 6.5% increase in housing costs was the largest since 1989 and was caused by several factors, including the low level of vacancy, the low percentage of new constructions that were rental units, and the fact that New York City’s population continues to grow. By 2030, Mayor Bloomberg expects that the population in New York will grow by at least a million people.

New York Habitat is well aware of the tight housing market and constantly monitors pricing trends to ensure that apartment rentals are offered at appropriate rates. Visit our pricing page, which details the current average prices for apartment rentals in New York. Furthermore, when traveling to New York, remember to consider other neighborhoods, plan in advance for the greatest selection and consider all options to find the best apartment to suit your needs.

1. 2008 New York Furnished Apartment Market Report
2. 1st half 2009 London Vacation Rental Market Report
3. 2008 London Vacation Rental Market Report Launched
4. 1st half 2008 results in: New York Furnished Apartment Market Report Published
5. New York Furnished Apartment Market Report: 1st half 2009

This entry was posted on Thursday, March 15th, 2007 at 3:00 pm in New York Apartment Market. You can leave a response, or trackback from your own site.

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