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

  • III.

    New York Roommate Shares

    • a.

      Pricing

The first chart (shown below) is the average price analysis for the 1st half of 2006, 2007 and 2008. The data shows that roommate share rentals have seen significant price increases between the 1st half of 2006 and the1st half of 2008. The rate climbed from $842 to $948 between 2006 and 2007 1st half, a jump of 13% while between 2007 and 2008 prices continued to climb to $1043 per month on average (a 10% increase). This shows how robust the share market continues to be in New York with prices easily record- ing 10% increases and the number of units rented continuing to go up. A large factor in the popularity of roommate share apartments is the persistently high prices of apartments in New York which makes roommate options more appealing even to foreign customers who are less familiar with apartment share situations.

Average prices per month of Apartment Share rentals in the 1st half of 2006, 2007 and 2008

$1,200

$1,043

$1,000

$948

$842

$800

$600

$400

$200

$0

2006

2007

2008

Section III: New York Roommate Shares

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 events 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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