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MIDTOWN WEST - CHELSEA

15%

10%

15%

EAST VILLAGE

4%

6%

8%

GREENWICH VILLAGE - SOHO

4%

6%

3%

UPPER WEST SIDE

27%

16%

22%

UPPER EAST SIDE

12%

13%

10%

MIDTOWN EAST

6%

3%

3%

UPTOWN

20%

29%

22%

BROOKLYN

7%

12%

11%

TRIBECA - FINANCIAL DISTRICT

1%

0%

1%

QUEENS

4%

4%

7%

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

III. New York Roommate Shares

b. Neighborhoods

In the 1st half of 2008, neighborhoods selected and rented remained relatively sta- bile, the biggest increas- es were seen in Queens where the share of rent- als increased from 4% to 7% and Midtown West and the Upper West Side which both saw 5% increases over 2007.

COMPARISON BETWEEN the1st Half of 2006, 2007 AND 2008 APARTMENT SHARES

NEIGHBORHOODS

%

%

%

RENTALS 2006

RENTALS 2007

RENTALS 2008

The biggest declining neighborhood was Harlem which saw a 7% decline in the percentage of rentals dropping from 29% of rentals to 22%. Harlem still remains one of the most popular desinations along with the Upper West Side. These changes in the distrabution of renatls can be largely attributed to a better selection of rentals available in Midtown West and Upper West Side neighborhoods.

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)*̀̀ᔀ܀ +ഀ

ĀȀȀ̀Ѐ ؀̀܀ࠀ ऀ਀଀̀ ఀఀഀ

&Ѐጀጀ'ᤀ(ᔀ ကကഀ

ĀȀȀ̀Ѐ ฀ༀ܀ࠀ ऀ਀଀̀ ကᄀഀ

ĀȀࠀጀ᐀ᔀ ఀఀഀ

ሀ਀଀ࠀጀ᐀ᔀ ؀̀܀ࠀ ᘀ ᜀ᠀̀ᤀ܀̀ༀ ကᨀഀ

"Ѐ਀#̀ᴀༀ ᘀ$਀ᔀༀᔀᴀ਀ༀᤀ %਀܀ࠀЀ਀ᴀࠀ ကഀ

฀ༀ܀ࠀ

Ḁ਀ᤀᤀༀἂ ᘀ

ጀ᐀̀Ѐ ฀ༀ܀ࠀ

ऀ਀଀̀ !ഀ

ᰀЀ̀̀ᔀ᐀਀ᴀ᠀ Ḁ਀ᤀᤀༀἂ ᘀ ऀጀ᠀ጀ ᬀഀ

ሀ਀଀ࠀጀ᐀ᔀ ฀ༀ܀ࠀ ᬀഀ

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 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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