Section I: New York Vacation Rental Apartments
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New York City Furnished Apartment Market Report - 1st Half 2008
New York Habitat’s vacation rental unit has seen in- credible growth between 2007 and 2008. Comparing the 1st half of 2007 to 2008 shows that New York Habitat had more then a 50% increase in the number of apartment rentals. This shocking rate of growth shows how popular New York City continues to be and the efforts New York Habitat continues to make to create new business.
The vacation accommodation department special- izes in offering furnished apartments (view all new vaca- tion rental apartments in New York City) from 3 days up to 1 month and also offers Bed and Breakfast accom- modations (view all new Bed & Breakfast in New York City) which are hosted guest rooms with the owner on premises. The market continues to follow the New York City hotel market which has seen a drastic increase in prices over the past several years due to a low supply of available accommodations compared to the number of customers looking for accommodations.
In this section we will look at the 1st half of 2008 data in regards to New York Vacation Rental apartments compared to the 1st half markets in 2006 and 2007. We will also seek to provide an outlook of the future market situation in New York and provide information about which types of rentals are most popular and why.
CONTENTS OF PART I:
Sizes & Lengths of Stay.....9
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