New Report: Upper West Side Rentals Keep Getting Cheaper

by - September 29, 2009 at 11:12 am -

uws1Renters snagged two-bedroom apartments on the Upper West Side in September for an average of $3,057 a month, down from $3,212 in August, according to a new report from The Real Estate Group of New York (TDG/TREGNY). The report shows that rental prices stabilized a bit throughout the city in September, but are still way down from their levels last September.

For some categories, including studios and one-bedrooms with a doorman, Upper West Side apartments stayed flat or rose slightly. But prices for one-bedrooms without a doorman, and all two bedrooms fell. Two-bedrooms without a doorman saw the largest decline — nearly 5% from last month, and 10% from last September. As we noted yesterday, some owners of rental buildings are giving bigger and bigger incentives to fill apartments. (photo by eviltomthai via flickr)

Manhattan Rental Market Report (TREGNY)

Correction: An initial version of this article said the report was put out by JAD Realty.

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Comments

  1. Chris Simmons says...

    HAHAHAHAHAHHA. (at the “cheaper” rental prices) … A friend in Brooklyn, btw, pays $1600 a month … for 400 square feet … did i mention it was in Brooklyn? (Whereas, for comparison’s sake, I pay $970 for 1300 square feet here in Stix America.

  2. Warren says...

    Location is the consideration that Chris forget about in comparing the two.