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[Cool Your Jets] 12-2012 Manhattan/Brooklyn Rental Report
Posted By Jonathan Miller On January 21, 2013 @ 9:59 pm In Manhattan | No Comments
This report is part of an evolving market report series I’ve been writing for Douglas Elliman  since 1994.
[North, Northwest Regions]
Here’s an excerpt from the report:
MANHATTAN For the third consecutive month, the year-over-year pace of median rental price growth eased. Median rental price increased 0.8% from the prior year period to $3,150. Year-over-year gains in this metric for the prior three months were 10.2%, 1.6% and 1.4%. Compared to the same period last year, average rental price was up 10% at $3,973, while rental price per square foot was down 4.5% to $49.88…
BROOKLYN Median rental price increased 7.6% from the same month last year to $2,637. This rate marked the fourth highest level over the past 5 years; the three highest levels were all recorded in 2012. Compared to the same period last year, average rental price edged 5.6% to $2,880, while average rental price per square foot jumped 16.7% to $36.01…
I’m really behind schedule in uploading content to the site due to the heavy year end appraisal volume we are digging out of…but I’ll get it done soon. You will be able to build your own custom data tables  on the Manhattan rental market using quarterly data – our new monthly format will be available online shortly and we will be phasing in monthly charts to our rental chart gallery  soon.
Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com
URL to article: http://www.millersamuel.com/blog/cool-your-jets-12-2012-manhattanbrooklyn-rental-report/27917
URLs in this post:
 Image: http://www.millersamuel.com/reports/elliman-report-manhattanbrooklyn-rentals-12-2012
 Douglas Elliman: http://www.elliman.com/marketreports/
 build your own custom data tables: http://aggregate-data.millersamuel.com/
 rental chart gallery: http://www.millersamuel.com/charts-category/manhattan-rental-mkt-char
 Douglas Elliman: http://www.elliman.com/reports-and-guides/reports/new-york-city/december-2012-manhattan-and-brooklyn-rentals/2-390
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