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New York Furnished Apartment Market Report: 1st Half 2010

4.  1st Half 2010 Vacation Rental Neighborhoods

Neighborhoods Rentals 2008 Rentals 2009 Rentals 2010
Upper West Side 10% 4% 4%
Upper East Side 7% 4% 7%
Midtown West / Chelsea 32% 30% 30%
Midtown East 5% 5% 3%
Greenwich Village / Soho 9% 9% 7%
East Village / Lower East Side 18% 19% 21%
Tribeca / Financial District 3% 3% 1%
Uptown 10% 15% 19%
Brooklyn 6% 11% 8%
Queens 0% 1% 0%

Another important aspect of the New York Vacation Rental report is neighborhoods rented. Through the years, we have seen a greater shift to apartments located in the uptown and Brooklyn neighborhoods as customers have been more and more willing to look for apartments that are reasonably priced. In the 1st half of 2010, this continued to be the case for rentals uptown where 19% of all customers ended up staying. The only neighborhoods that were more popular than Harlem were East Village at 21% of rentals and Midtown West - Chelsea at 30% of all rentals.

Vacation Rental Accommodations Rented by neighborhood in the 1st half 2010Vacation Rental Accommodations Rented by neighborhood in the 1st half 2010