Manhattan Rental Market Data - Secret No More
Data has been taken from over 3,000 currently available listings located below 100th Street and under $10,000 specifically to obtain a true monthly rental average by omitting ultra luxury property. The numbers are graphed according to service level (doorman/non-doorman), bedroom size and neighborhood. As a result the charts show up-to-date price comparisons which are then tracked over time to provide a historical view of the apartment rental market in Manhattan.
New York, NY (PRWEB) March 8, 2007 -- The Real Estate Group New York (TREGNY) is proud to present the March edition of the Manhattan Rental Market Report. This report is intended for the renter, investor or developer with the goal of providing clearer and more concise insight to the current state and price points of the Manhattan residential rental market.
Data for the report is pulled from over 3,000 currently available listings located below 100th Street that are priced under $10,000 specifically to obtain a true monthly rental average by omitting ultra luxury property.
The Manhattan Rental Market Report is able to provide the most accurate real time reporting capabilities available in New York City to date. The data is categorized into four themes; mean rental price, mean citywide rental price, citywide 2007 price trends and neighborhood spotlight price trends. The graphs compare doorman vs. non-doorman rentals by neighborhoods and apartment type.
According to the March report, Tribeca and SoHo continue to jockey for the title of highest average rental prices throughout the Manhattan residential market , and in most cases the Lower East Side continues to be the least expensive area for average market prices, though there are still good deals to be found on the Upper East Side.
In the future, as TREGNY's data sample continues to grow, the monthly Manhattan Rental Market Report will be even more comprehensive offering further insight into pricing trends over time which allows for greater reporting capabilities on the state of the market. Additionally, the report will create the ability for all property owners to better gauge their own pricing structure based on a clearer representation of their peers.
Furthermore as the firm continues to grow, they aim to make the Manhattan Rental Market Report, the only true and accurate report one would ever need on the state of the Manhattan rental market.
Established in 2004 to put the home back in the home finding business, The Real Estate Group, New York offers clientele an alternative approach--personalized service specifically tailored to meet their needs.
The Real Estate Group New York's associates form unique relationships with clients by making themselves available 24 hours, 7 days a week, to answer any questions they may have.
"In addition, the firm upholds a strong commitment to integrity and honesty in advertising as it a major quandary in the marketplace. By committing ourselves to the future of technology in accordance with our pledge to dedication and reliability, we are the future of real estate," avows Daniel Baum, C.O.O. of the firm.
For further information on The Real Estate Group New York or the Manhattan Rental Market Report, please call (212) 475-9000.
http://www.tregny.com/
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