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[Three Cents Worth #289 NY] Proof: Summer Is the Hardest Time to Rent in New York City

It’s time to share my Three Cents Worth (3CW) on Curbed NY [1], at the intersection of neighborhood and real estate in the capital of the world [2]…and I’m here to take measurements.

Check out my 3CW column [3] on @CurbedNY:

This week I thought I’d dig out some of the residual stuff from last week’s rental report to explore the vacancy hyperbole. As far as I know, firms that present the vacancy rate (including mine) use a sampling of buildings from different neighborhoods/regions of Manhattan where building rental status is continually updated. The bottom line—and a reality check—is that the vacancy rate has always been low. It’s remained below 5 percent since at least World War II. (At least that’s what I’ve read; I only started writing for Curbed circa 2004.)…

3cwNY2015-6-17 [4]

[click to expand charts]


My latest Three Cents Worth column: Three Cents Worth: Proof: Summer Is the Hardest Time to Rent in New York City [Curbed [3]]

Three Cents Worth Archive Curbed NY [5]

Three Cents Worth Archive Curbed DC [6]

Three Cents Worth Archive Curbed Miami [7]

Three Cents Worth Archive Curbed Hamptons [8]

Three Cents Worth Archive Curbed LA [9]

Three Cents Worth Archive Curbed Ski [10]