[Three Cents Worth NY #191] Manhattan Rentals Are Quicker Picker Upper
Posted by Jonathan Miller - Tuesday, May 29, 2012, 12:12 PM
It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. And I’m simply here to take measurements.
I was in such a hurry for Memorial Day weekend to come, I neglected to post this last week. Look for a new 3CW post later today.
Read last week’s 3CW post on Curbed New York:
I’m probably dating myself with the title reference to an old Bounty Paper Towel commercial tag line, but who cares, this is Curbed and they’ll absorb all spills. Since everyone seems to be talking about the strength of the rental market, I thought I’d take a look at the absorption rates of the sales and rental markets over the past 5 years. I could go back more than 10-years with the sales market but my rental listing data is currently only compiled back to 2007.
[click to expand]