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[Three Cents Worth NY #217] Manhattan’s Cloudy Rental Discounts
Posted By Jonathan Miller On November 13, 2012 @ 1:22 pm In Manhattan,Curbed: 3 Cents Worth | 1 Comment
Although we are releasing our October rental report for Douglas Elliman tomorrow, this is Renters Week on Curbed, so every day is a rental and here is the market through the end of September (3Q 12). There’s a lot going on in this chart, but I repeat, this is Renters Week.
I took a look at the relationship between $ listing discount ($ difference between the original rental list price and rental price) and days on market from original list date. The cloud comments generally refer to the $ listing discount columns, but it’s interesting to see how much DOM flows (line) the same way. The bigger the $ distance between market rental price and list rental price, the longer a property takes to rent. Same logic applies to the purchase market.
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URL to article: http://www.millersamuel.com/blog/three-cents-worth-ny-217-manhattans-cloudy-rental-discounts/27171
URLs in this post:
 Curbed NY: http://ny.curbed.com/
 capital of the world: http://www.nyc.gov/html/lmec/html/about/nycapital.shtml
 Read this week’s 3CW column on @CurbedNY: http://ny.curbed.com/archives/2012/11/13/three_cents_worth_manhattans_cloudy_rental_discounts.php
 Image: http://www.millersamuel.com/files/2012/11/3CWrentdiscount.jpg
 Curbed NY: http://ny.curbed.com/tags/three-cents-worth
 Curbed DC: http://dc.curbed.com/tags/three-cents-worth
 Curbed Miami: http://miami.curbed.com/tags/three-cents-worth
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