Douglas Elliman Rental Market Report For Manhattan & Brooklyn – August 2013

Duhare-Irish Village

Rental prices were largely stable: Median rental price was $3,300, unchanged from the same month last year. While the 3-bedroom market jumped 24.2% from the prior maryland property management year levels, the rest of the market remained largely unchanged over the same period. Studios slipped by 4%, 1-bedrooms decreased by 1.6% and 2-bedrooms rose by 1.1% from the prior year levels The West Side vacancy rate slipped: The vacancy rate declined by 0.39% to 2.09% from 2.48% in the same period last year Uptown Number of new rentals rose with studios and 3-bedrooms leading the way: There were 341 new rentals during the month, 16.4% more than in the same period last year. Large gains were seen in the studio and 3-bedroom markets, up 108.7% and 48.1% respectively.
For the original version including any supplementary images or video, visit http://www.examiner.com/article/douglas-elliman-rental-market-report-for-manhattan-brooklyn-august-2013

RENTAL RATES: Low inventory likely to cost Twin Cities tenants

With demand up, and no renter’s cap in sight, housing experts expect to see an over-supply of high-end housing while those in lower income brackets are getting priced out of the market. “[My rent] was $680s. Now, it’s $710,” Linda Johnson told FOX 9 News. “They said ‘due to increased expenses.'” Johnson said the monthly checks she writes to stay in her Richfield home have shot up three times over the past four years.
For the original version including any supplementary images or video, visit http://www.myfoxtwincities.com/story/23398686/rental-rates-low-inventory-likely-to-cost-twin-cities-tenants

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