New York Habitat proudly announces the launch of its Furnished Apartment Rental Market Report. The report evaluates the current state of New York City's furnished apartment, roommate share and vacation accommodation markets. Designed to address the questions of owners and renters, it details New York City market trends over the past three years.
The supply of furnished apartments in and around Manhattan remains tight, with continued high demand and limited inventory. Rental prices continue to rise as a function of the narrow housing supply. The market also registers a steadily growing number of apartment requests, with the average client remaining in New York for slightly longer than in previous years, according to the report.
The New York City Furnished Apartment Market Report, using original graphs, charts and analysis, addresses the following topics and more:
- Average length of stay
- Average price by apartment type
- Percentage of apartments rented by type
- Percentage of apartments rented by neighborhood
- Price ranges by apartment type or neighborhood
Presented here is a sample graph that displays the average price of furnished apartments in New York City, based on property type. A more comprehensive version that extrapolates on 2005, 2006 and 2007 data is available in the report.
New York Habitat has created a Furnished Apartment Rental Market Reports section on its website, where this and future reports will be available. The company continuously accumulates and analyzes data to provide up-to-date statistics about the market. The next New York Market Report, to be released at the end of the year, will contain cumulative second half and full-year results. The long-term goal is for this report to be an informative guide for owners who decide to lease, and vacationers and other renters who are looking for housing options during their stay in the Big Apple.
"During 18 years of service, New York Habitat has built a vast domestic and international clientele," says Vice President François Roux. "We are proud to present specialized information about furnished apartment rentals that is of interest to real estate investors, leisure travelers, corporate professionals and exchange students."
Established in 1989, New York Habitat is a fully licensed residential real estate agency, specializing in furnished apartment rentals in New York, Paris, London and the South of France. With the help of our multilingual and multinational agents, apartments can be selected from a worldwide inventory of 12,000 carefully chosen properties that are available from three days up to one year or more.
We invite you to contact New York Habitat for more information about the market report and for any other services you may require (listing your apartment, student housing, partnership development, or renting in any of our destinations). For access to New York furnished rental market news and to learn more about New York Habitat-related topics, please visit New York Habitat's blog.
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