New York—Brooklyn has an inventory problem, allowing for inflated rental rates. According to the MNS November 2012 Brooklyn Rental Report, the New York City borough cannot keep up with the demand for multifamily units, with studios especially lacking. The study shows that the rental rates increased a total of 1.16 percent across all unit types; [...]
‘Rental Market Report’ in Press Archives
At the start of the quarter, inventory across the city was incredibly low, and theNovember rental report from MNS does not bring good news for apartment hunters in Manhattan. Rental inventory fell 9 percent from October to November, with inventory in Tribeca dropping a whopping 20 percent. Some of this can be contributed to buildings [...]
MNS, the Brooklyn real estate firm published their October 2012 Brooklyn Rental Market Report today. The month of October continued to experience a lack of inventory. According to the report, studio and one-bedroom rents rose an average of .89% this month, while two-bedroom rates decreased .85%. Rental rates across all unit types increased .31% since [...]
FINANCIAL DISTRICT—In the aftermath of Hurricane Sandy, luxury residence Ocean 1 West near Bowling Green is not one that we’ve heard much about. But a resident reached out to Curbed in hopes of jump starting “some real communication and concessions” from management company Moinian. “They’re treating residents like dirt,” our tipster writes, asking others to [...]
The city is moving forward with the final pieces in its long-delayed project to develop the Downtown Brooklyn Cultural District at the edge of Fort Greene.
A development partnership is proceeding with a roughly 500,000-square-foot tower with 600 units of housing, half of which will be affordable to low- and middle-income residents. It also will have [...]
Where we are from 2009: Taking a look back to 2009, studio apartments increased an average of 16%, $397. One bedroom units also increased 16%, up $548. The two bedrooms had the largest increase, only a percentage higher, up 17%, $872.
Last year: September 2011 rents increased slightly from August 2011, as was the case this [...]
Although average Manhattan rental prices went up slightly last month, apartment hunters are still going to need a bigger wallet and search harder for available space.
A report issued Thursday by the real estate group MNS found that rents for all types of apartments went up .9 % from August to September.
The rise in rents were [...]
As the height of summer approaches, rental rates show no signs of slowing down, according to the just-released July 2012 Brooklyn Rental Report. Looking back on a yearly basis, rental rates for studios have significantly increased 14.9%, with one- and two bedrooms not far behind, up 8.3% and 11.8% respecively.
According to the report, the greatest [...]
Despite a modest increase in rental rates since July - avergaing just 1% - rents have increases $90 across all unit types since the beginning of summer. According to the just-releases August 2012 Manhattan Rental Report, available inventory decreases 5.4% this month, another indicator of the summer’s active rental market.
Presented by MNS, a leading residential [...]
A Quick Look:
Two bedroom look back: Taking a look back to 2009, two bedroom units have posted the highest increase. Non-doorman two-bedrooms have increased $839 over the past three years. Doorman two-bedrooms went up $896 since August 2009. Average increase of $867 for non-doorman and doorman units.
Month vs. Year: Annual increases from August 2012 to August 2011 [...]