NYC May 2006 Vacancy Report

Posted by Noah Rosenblatt on June 6, 2006 at 11.20 AM

A: Here are some stats that you might find useful on the NYC rental market for the month of May! Vacancy rates are broken down by neighborhood.

vacancy-rate-new-york-city.jpg

CONCLUSIONS: Murray Hill & Midtown West are leading the pack with the lowest vacancy rate while Chelsea moved into the top spot with the most apartments available. NYC vacancy rates are still VERY LOW and renters are forced to settle for much less than they hoped while paying much more than they want! All in all, if this trend continues expect more renters to consider buying (or at least prepare financially to buy) as the NYC housing market continues to cool and deals are sure to be found!

I'll publish this monthly so you can keep tabs on the New York City rental market by neighborhood.

Older vacancy reports can be found at the Citi-Habitats Market Reports webpage along with their bi-annual Black & White report.

Post a comment


To help maintain the integrity of the conversation we ask that each user simply paste the keyword (below in red) into the confirmation field below. Sorry, but if you forget this step, your comments will not be saved!