- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

[What A Difference a Year Makes] 1Q 2010 Manhattan Rental Market Overview Available For Download


[click to open report]

The 1Q 2010 Manhattan Rental Market Overview [1], part of a report series that we have authored for Prudential Douglas Elliman [2] since 1994, was released today.

Other reports we prepare can be found here. [3]

Press coverage can be found here [4] once we get around to uploading it. In the meantime…. [5]

An excerpt

…While price indicators remain below the same period last year, face rents—rental prices before consideration of concessions—have shown stability so far in 2010. The average rental price was $3,812, down 8% from $4,142 in the prior year quarter and essentially unchanged from $3,789 in the prior quarter. Rental price per square foot was $46.91, down 3.1% from $48.41 in the prior year quarter, and down 0.2% from $47.02 in the prior quarter. Median rental price was $3,100, down 6.1% from $3,300 in the prior year quarter, but 6.9% above the $2,900 seen in the prior quarter…

Download 1Q 2010 Manhattan Rental Market Overview [Miller Samuel] [1]