New York Apartment Market

2010 1st half New York Furnished Apartment Market Report

In the 1st half of 2010 the New York Furnished Apartment Market began its recovery from the depths of the recession in 2009. In 2009 we saw both apartment prices and the number of bookings fall, but in 2010 the general trend was higher apartment prices and more rentals.

The 1st half of 2010 reaffirmed New York’s status as one of the most important real estate markets in the country. With the world economy recovering New York is one of the 1st markets in the U.S. to see a turnaround in the travel market both from American customers as well as international customers. Furthermore, in the 1st half of 2010 the Euro gained value against the U.S. Dollar which helped boost the number of Europeans visiting New York.

For the 1st half of 2010 the New York Vacation Rental Market Report is shown in a new HTML format. You can find the entire report presented directly on the 2010 1st half New York Market Report webpage.

Within the report you will find details about:

• Vacation Rentals in New York: from 2 – 30 days
• New York Furnished Apartments: 1 month and up
• Rooms for Rent in New York City: 1 month and up Read the entire story here…»

2009 2nd half and full year Furnished Apartment Market Report for New York

Previously we learned  about the 1st half of 2009′s New York Furnished Market Report.

2009 bought changes to the New York Furnished Apartment market and the Furnished Apartment Market Report brings all the details in focus. Recently New York Habitat released the latest installment of the report to provide information about vacation rentals, furnished apartments and rooms for rent in New York.

This report looks at details about the 2nd half and full year of 2009 and has comparison data from 2007 and 2008. Some of the key trends that the report focuses on include:

• Demand reduction for apartments in New York
• Price declines for all types of rentals, which in turn have helped to spur new demand
• Improving conditions in the 2nd half of 2009 as prices fell causing the number of rentals to increase

The New York Furnished Apartment Market Report webpage has links to this report as well as previous reports. Check back around August 2010 for 2010 1st half market report to see the latest on the vacation rental, furnished apartment and apartment share markets in New York. Read the entire story here…»

New York Furnished Apartment Market Report 1st half 2009

Earlier, we read about 2008 new York Furnished Apartment Market Report

2008 was a difficult year for Real Estate in New York. The Furnished apartment market in New York was no different. The most important facts to report were that both prices of apartments and the number of rentals declined in the 1st half of 2009. For apartment owners and people looking to rent an apartment in New York this report brings into focus the challenges of the current real estate market in New York.

The report looks at details of the market in the 1st half of 2009 versus results from the 1st half of 2007 and 2008. Furthermore, the report makes predictions about the 2nd half of 2009 and into 2010. The following are some key trends seen throughout the report:

• Price declines in all segments including vacation rentals, furnished apartments and room rentals
• Volume of rentals dropping conversely to the price drops (where prices fell the most, volume of rentals fell the least)
• Potential for improvement in the 2nd half of 2009 and into 2010 as prices come down and the recession nears its end Read the entire story here…»

New York Furnished Apartment Market Report 2nd half and full year 2008

Earlier, we learned about 2008 first half New York’s Furnished Apartment Market Reports.

2008 was one of the most volatile years in the New York furnished apartment market making the 2008 Furnished Apartment Market Report all the more valuable. This report, the 4th in our series, details the market conditions in the 2nd half of 2008 as well as details for the full year.

The report looks at key points in the market in 2008 versus results from 2006 and 2007. Furthermore, the report makes predictions about 2009. The following are some key trends seen throughout the report:

•    A strong 1st half but a much weaker 2nd half for all of the segments of the New York market
•    Prices stabilizing with lower rates of increase in average rental rates and signs that prices may decline in 2009
•    A weak outlook for 2009 with the entire world in a deep recession

To see all apartment listings throughout New York City visit : The New York Vacation Rental search, The New York Furnished Rentals search and The New York Apartment Share search. Read the entire story here…»

New York Habitat 1st half 2008 Furnished Apartment Report

Earlier we read about the 2007 New York Furnished Apartment Market Report.

New York Habitat continues it market report series with the release of the 1st half 2008 New York Furnished Apartment market report. Our report covers the following divisions: furnished rentals, vacation rentals and roommate share apartments. We continue to be proud to be able to offer you details about the current market conditions related to our business. To read this report visit: New York Furnished Apartment Market Report site.

In the 2008 1st half market report we compare date from the 1st half of 2006, 2007 and 2008.

Trends are explored and predictions are made for the 2nd half of 2008 and the into 2009. The following trends are noted in the report:
•    Strength in the vacation rental and roommate share markets
•    Continued growth in Brooklyn, Uptown, Manhattan and Queens
•    Future uncertainty with the world economy suffering from the credit crisis

To see all apartment listings throughout New York City visit : The New York Vacation Rental search, The New York Furnished Rentals Search and The New York roommate share search. Read the entire story here…»

New York Accommodation 1-bedroom Tribeca (NY-12061)

When in 1604 the Dutch sent Henry Hudson to America to find the Northwest Passage, he found Native Americans who lived on the Island that is now called ‘Manhattan’. Twenty years later, the Dutch bought the land they found from the Indians for a few US Dollars. More and more Dutch arrived in Manhattan in the coming years and the Island was soon to be called: ‘New Amsterdam’.

After the Duke of York took ‘New Netherlands’ from the Dutch in 1664, Manhattan got named ‘New York’ and its name has never changed.

Now, almost 350 years later, Dutch history is still present in Manhattan. Great examples of this are the now called ‘Hudson River’, named after Henry Hudson, The street ‘Amsterdam Avenue’: One of the longest streets in Manhattan, and the famous Brownstone houses that are mainly located in Harlem, the Upper East Side, Upper West Side and a few in the West Village. Read the entire story here…»

Street of Midtown West

Being a real estate agency, we are always concerned with what is going on in the market today. High-rises that are being built, the ‘images’ of the different neighborhoods that are changing…even logistical changes in subways and roads play an important role in our ability to find the right apartment for you!

Recently, a new plan to rezone part of New York City’s west side has been interrupted: a big thing for many New Yorkers.

Mayor Bloomberg once called it “the single most important economic project that this city has undertaken in decades”, and it was created, mainly to attract the 2012 Olympics to New York City. Bloomberg’s ambitions to redevelop West Side Manhattan, transforming warehouses, factories, parking lots and railroad tracks between Penn Station and the Hudson River seem to be in danger, even more now the economy is shaking.

The New York Times recently posted an article  on their website stating that the redevelopment problems of West Side Manhattan were caused by logistical problems, the economical ‘dip’ and, according to critics, “flaws” in the design of the Redevelopment Plans. Read the entire story here…»

Photo of Harlem's Apollo theatre

Famous for its cultural institutions, such as the Studio Museum and the Apollo Theater, its shopping district and for its multicultural community, 125th street in Harlem is going to be rezoned if it is up to the New York City Department of City Planning. New York Habitat is keen to share with you what is happening in the neighborhood so you can find the perfect apartment.

To support the ongoing renewal of this main street in Harlem, 24 Blocks along the 125th Street are going to change, with the two of the main goals to strengthen the continuity and maintain the unique character of this street.

At this moment, the neighborhood consists of many townhouses with few highrises in the area. The plans keep the townhouses intact however, the plan will change the character and the street scene of the neighborhood drastically and has already caused a lot of commotion and discussion among current residents.

Plans are to increase the number of people (residents and businessmen) in certain areas, residential use will be more strongly encouraged, and visitors and nightlife in this area will be encouraged to grow. Highrises will be constructed and about 1.8 million square feet of new commercial retail space will be developed. As a consequence, real estate values will likely increase, possibly causing some small businesses to disappear because they can no longer afford the higher rents. Read the entire story here…»

New York Furnished Apartment Market Reports

Previously, we learned about New York’s Furnished Market Report for the first half of 2007.

New York Habitat continues it market report series with the release of the 2nd half and full year market report for 2007 New York Apartments. Our report covers the following divisions: furnished rentals, vacation rentals and roommate share apartments. We are excited to offer you an opportunity to see more information about our company and look forward to hearing your reaction to the report. To read this report: New York Furnished Apartment Market Report.

In this report we look at data and analysis for the results of the 2nd half of 2007, compare that to the 1st half of 2007 and provide the full year results. Some of the graphs in the report include:

• Length of stay averages
• Average, median and mode prices by apartment type
• What types of apartments were chosen
• Neighborhoods selected
• And much, much, more

The company’s founder Marie-Reine Jézéquel comments on the 2007 market by saying, “2007 has been an interesting year, laws regarding short-term rentals in New York City continue to toughen and our legal team has worked to ensure that all of our new apartments meet the necessary requirements.” She goes on to say that, “For 2008 we will continue our push to offer the best alternative accommodation options in New York City.”

Visit our website New York Apartment search to view all apartment listings in New York City including Manhattan, Brooklyn and Queens. Read the entire story here…»

On September 19, 2007, The Wall Street Journal reported that construction of new hotel rooms is expected to decline by about 1% in 2008 because of the tightening credit market and possibility of recession. The New York vacation rental market, which includes hotels and vacation apartment rentals, has been red hot over the past several years with prices and occupancies increasing faster than in many cities around the country.

While large hotel developers need a longer time to react to a changing market, owners of furnished accommodations have more flexibility for their property use. Read the entire story here…»