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

  • I.

    New York Vacation Rental Apartments

  • b.

    Neighborhoods

Vacation Accommodations rented by Neighborhood for the 1st half of 2008

Brooklyn 6%

Queens 0%

Upper West Side 10%

Uptown 10%

Upper East Side 7%

Tribeca / Financial District 3%

East Village / Lower East Side 18%

Midtown West / Chelsea 32%

Greenwich Village / Soho 9%

Midtown East 5%

Neighborhood is one of the most important factors customers think about when booking a vaca- tion rental in New York. The graph above shows that the most popular neighborhoods are Midtown West / Chelsea and the East Village. Part of the reason for the popularity in these neighborhoods is the amount of vacation rental apartments available in these areas. Other neighborhoods located nearby including Midtown East and Greenwich Village, which are often highly requested, have fewer bookings because of a lower inventory of apartments.

An interesting trend continues to be that people are considering Brooklyn and Uptown because:

  • o

    New York Habitat has worked to increase our inventory of apartments in these neighborhoods

    • o

      The prices in these neighborhoods can often be less expensive than in Central Manhattan

Rentals in Uptown and Brooklyn now make up more than 15% of total rentals compared with just over 5% in the 1st half of 2006.

Section I: New York Vacation Rental 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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