New York City Furnished Apartment Market Report - 1st Half 2008
New York Furnished Apartments
The 1st half of 2008 showed an overall slowing of price appreciation in New York City as a weakening market in New York City and the world as a whole brought about more restraint from owners and potential clients. Average rental price from the 1st half of 2007 to the 1st half of 2008 climbed by just $45 to $2763 per month. This 1.6% increase is the lowest since we have created the market report and is less than 25% the size of the increase from 2006 to 2007 when the increase was 6.3%. These figures show that the world market is at work taming the demand for relatively highly priced New York City apartments.
Average Price per Month for 1st half 2006, 2007 and 2008
Section II: New York Furnished Apartments
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