New York Furnished Apartment Market Reports

New York Habitat has been working in the furnished apartment and room rental business in New York since 1989 and has developed into one of the foremost companies in the market niche.

Over the past several years we have begun to collect detailed information about the market for furnished apartments in New York based on tens of thousands of completed apartment bookings over this time period.

With this wealth of information available, we have been able to compile the New York Habitat Furnished Apartment Market Reports to share with apartment owners, people in the market seeking an apartment rental, and other players in the real estate and travel industries. We anticipate that the reports will provide a snapshot of our market niche that will prove helpful to those parties.

New York Furnished Apartment Market Report: 2nd half and full year of 2010 The 2010 New York Vacation Rental Market report was a exceptional strong year with growth in all parts of the market. Some of the key findings include: Record deal levels Slightly increasing prices New laws effecting vacation rentals for 2011

New York Furnished Apartment Market Report: 1st half 2010 The 2010 1st half furnished apartment market report details the recovery underway in the New York real estate market. All sections of New York Habitat's business saw a rebound in their business including vacation rentals, furnished apartments and rooms for rent. In addition most types of rentals saw a rebound in prices compared to the depressed prices in the 1st half of 2009. Moving forward we will look at some trends in the 2nd half of 2010 to see if the recovery continues including: The world's economy and fluctuations in the U.S. dollar compared to world currencies New regulations in New York City regarding vacation rental apartments The amount of furnished apartment inventory available in New York

New York Furnished Apartment Market Report: 2nd half and full year 2009 (PDF 1.7 MB) The 2009 furnished apartment market was shaped by the economic events affecting the world. Both the number of apartment rentals and the average price of apartments fell in 2009. In the 2nd half of 2009 there was a rebound compared to the 1st half of 2009 as many owners lowered the price of their apartments to spur demand. Major trends include: Falling prices due to decreased demand A heightened emphasis on value for the money Shorter rentals to save on costs

New York Furnished Apartment Market Report: 1st Half 2009 (PDF 1.6 MB) The 1st half 2009 New York Furnished Apartment Market Report details the downturn in the New York Real Estate Market. All departments from roommate share apartments to vacation rentals to furnished apartments saw declines in pricing and number of rentals in the 1st half of 2009. This report looks at the results of the 1st half of 2009 compared to the 1st half of 2007 and 2008. Major trends include: Prices falling to 2007 or lower levels while the number of rentals dropped significantly Weak demand for high-end rentals due to the weak economy Continued interest in rentals in Uptown, Brooklyn and Queens as customers look for the best values

New York Furnished Apartment Market Report: 2nd Half and Full Year 2008 (PDF 3 MB) The 2nd Half and Fully Year 2008 Furnished Apartment Market Report contains details about the Furnished Apartment, Vacation Rental and Apartment Share markets in New York. Our analysis of the market in 2008 provides a look at the ever changing market in 2008 and looks at trends to watch in 2009. Some of the important trends to note in this report include: 2008 was one of the best years for the vacation rentals market until October, but as the global economy entered a recession the market saw a drastic slow down The apartment share market continued to see strong demand because roommate share accommodations offer a reasonably priced alternative to apartment rentals Demand for furnished apartments dropped in the 2nd half of 2008 as businesses because increasingly cautious with their spending due to the economic downturn

New York Furnished Apartment Market Report: 1st Half 2008 (PDF 2.4 MB) The 1st half 2008 New York Furnished Apartment Market Report continues where the 2007 full year report ends. Business in the Vacation Rental, Roommate Share and Furnished Apartment markets is analyzed. Details are included about pricing, neighborhoods, apartment sizes and lengths of stay. This report looks at the results of the 1st half of 2008 and looks forward to the 2nd half of 2008 and 2009. Highlights include: Strong growth in the vacation rental and roommate share markets Continued popularity of alternative neighborhoods including Brooklyn, Queens and Uptown, Manhattan An uncertain outlook for the 2nd half with a weakening world economy

New York Furnished Apartment Market Report: 2nd Half and Full Year 2007 (PDF 4.2 MB) The 2nd Half and Full Year 2007 New York Market Report is the compliment to the 1st Half 2007 report. The report covers the details of the Vacation Rentals, Furnished Apartment and Roommate Share markets in New York City based on completed transactions. This report looks at the results of 2007 and makes some predictions about the market in 2008. The report shows an overall slowing of price increase in the New York market Secondary neighborhoods including Brooklyn, Queens and Harlem show strong growth 2008 is difficult to predict because of an unstable world economy

New York Furnished Apartment Market Report: 1st Half 2007 (PDF 5.4 MB) The 1st Half 2007 New York Market Report is the 1st edition of our bi-annual report on the condition of the New York Furnished Rental, Vacation Accommodation and Roommate Share markets in New York. This report details the continued upward pricing pressures in all of the markets as well as the increasing trend in rentals in uptown and in Brooklyn and Queens.

• Furnished Apartment rentals: from 1 month to 1 year or more
• Vacation Rentals and Bed and Breakfast accommodations: from 2 days to 30 days
• Roommate Share accommodations: from 2 weeks to 1 year or more

• Average prices by apartment type
• Price ranges by apartment type
• Percentage of each type of apartment rented
• 3 year comparison of price averages
• Neighborhood distribution

All information regarding apartments and properties on www.nyhabitat.com is from sources deemed reliable. It is submitted subject to errors, omissions, change of price, commission or conditions, or withdrawal without notice. Photographs, descriptions and information about the rentals reflect conditions at the time the photographs were taken or the descriptions or information obtained. All dimensions and surfaces are approximate.