The 1Q 2010 Manhattan Rental Market Overview , part of a report series that we have authored for Prudential Douglas Elliman since 1994, was released today.
Other reports we prepare can be found here.
Press coverage can be found here once we get around to uploading it. In the meantime….
…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]