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New York City Furnished Apartment Market Report - 1st Half 2008

  • II.

    New York Furnished Apartments

  • c.

    Sizes & Lengths of Stay

Furnished Apartments rented by type 1st half 2008

Three Bedrooms or larger 5%

Two Bedroom 15%

Studio 23%

Studio One Bedroom Two Bedroom

Three Bedrooms or larger

One Bedroom 57%

The graph above shows the size of apartment booked. The ratio of the furnished rentals are quite steady at just over 20% of rental being studios, just under 60% being 1 bedroom rentals and about 20% of rentals representing two bedroom rentals and larger. We have seen that over the past 4 years the percentages have stayed right in the same area with just 1-2% fluctuations.

The average length of rentals in the 1st half for the furnished rental department has also re- mained stable with rental lengths averaging 84 days in 2006, 85 days in 2007 and 83 days in 2008. We see this stability because many of the 1st half bookings are summer rentals which tend to be 2-3 months, either June to August or July to August.

Section II: New York Furnished Apartments

Copyright ©2008 by New York Habitat VL , Inc.

New York Habitat Website

To view pictures and descriptions of our furnished apartments and for general in- formation about New York Habitat, please visit: http://www.nyhabitat.com.

...............

New York Habitat Blog

For access to real estate market news, local event and neighborhood information and apartment rental tips , please visit and participate in our blog: http://www.nyhabitat.com/blog.

...............

Contact us

307 Seventh Avenue Suite 306 New York, NY 10001-USA Phone: +1 (212) 255 8018 Fax: +1 (212) 627 1416 Email: marketreport@nyhabitat.com

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