New York City Furnished Apartment Market Report - 1st Half 2008
New York Furnished Apartments
Neighborhoods of Furnished rentals by Neighborhood 1st half 2008
Queens 5% Brooklyn 9%
Upper West Side 3%
Upper East Side 3%
Midtown West - Chelsea 29%
Tribeca - Financial District 3%
East Village 30%
Midtown East 8%
Greenwich Village 5%
MIDTOWN WEST - CHELSEA
GREENWICH VILLAGE - SOHO
UPPER WEST SIDE
UPPER EAST SIDE
TRIBECA - FINANCIAL DISTRICT
Taking a look at the breakdown of neighborhoods where our apartment rentals occurred, it continues to be that Midtown West / Chelsea and the East Village / Lower East Side represent al- most 60% of total rentals booked. This largely is caused by New York Habitat’s inventory. A high proportion of high quality reasonably priced apartments are available in these neighborhoods. New York Habitat continues to strive to expand our inventory into other Manhattan neighborhoods to offer clients the best possible selection of apartments to meet their needs.
COMPARISON BETWEEN the 2nd HALF of 2006, 2007 and 2008 FURNISHED RENTALS
Section II: New York Furnished Apartments
Furthermore, we see
to increase their impor- tance. New York Habitat make 21% of rentals in these neighborhoods ver- sus just 13% in 2006 and 2007. Overall, New York Habitat has found that price sensitive clients are willing to consider these neighborhoods because of the additional space provided as well as the attractive pricing of apart- ments in these areas.
Copyright ©2008 by New York Habitat VL , Inc.
New York Habitat Website
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