New York Habitat's 2008 Furnished Apartment Market Report Released for New York City

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New York Habitat, a key player in the New York furnished apartment market, presents the 2nd half and full year 2008 New York Furnished Apartment Rental Market Report. The report details the state of the market for short and long term furnished apartment rentals, vacation rentals and roommate share accommodations in Manhattan, Brooklyn and Queens.

Apartment Share price ranges in New York City

2008 was a mixed year with the 1st half being incredibly strong and the 2nd half slowing down significantly.

New York Habitat releases its 2008 2nd half and full year Furnished Apartment Rental Market Report. This market report covers furnished rentals, vacation rentals and roommate share real estate markets in New York City. The results detail the state of the Furnished Rental market as of January 1st, 2009. This report more than past reports is important for investors, travelers and everyone interested in the New York apartment market. With 2008 featuring an extreme range of market conditions this report helps to place that market into perspective.

This report details the ups and downs of 2008 in the New York City, from the strong first half to the slowing 2nd half all of the details are included. In the vacation rental market, the 1st half was quite strong with some of the highest levels of requests and bookings in the company's history but in the 2nd half after September, market fundamental changed and the a market slowed significantly. The furnished rental market was slower than 2007 for both the 1st and 2nd halves of 2008 because business was more conservative in 2008. The apartment share department held up relatively well compared to furnished apartments because of the value priced offering available and the consistence of the number of students arriving in New York. All of the details of this report as well as previous reports can be found on the New York Furnished Apartment Market Report webpage.

The report is comprised of three sections which cover New York Habitat's primary business segments:

--    Vacation rental accommodations (from 3 to 30 days)
--    Furnished apartment rentals (from 1 month to indefinitely)
--    Apartment share accommodations (from two weeks to indefinitely)

For each section we look at details about pricing, neighborhoods, sizing and more in New York. We have provided a sample graph which details the pricing by neighborhood for the apartment share market. Take a look at the full New York Furnished Apartment Report for more details as well as comparisons versus 2006 and 2007.

For additional perspective on the market, market report creator Brian Lowenberg says, "2008 was a mixed year with the 1st half being incredibly strong and the 2nd half slowing down significantly." He goes on to say that "For 2009 the Furnished Apartment Market in New York will remain volatile as the world economy attempts to rebound from recession."

New York Habitat plans to provide data on the 1st half of 2009 in July 2009. Check the New York Habitat Blog for updated market news and information about the travel and real estate market in New York. The goal is to provide timely information to apartment owners, renters, vacationers and others interested in the New York Real Estate market. With New York Habitat's 20 years in the Furnished Apartment rental market in New York, we trust that we can provide you with accurate and timely information about our core markets.

New York Habitat is a fully licensed residential real estate agency with 20 years experience in the furnished rental market in New York. The company also offers furnished accommodations in Paris, London and the South of France. The company's expertise is in serving the needs of clientele from around the world via offices in Europe and America. Additionally, our core competencies include a multi-lingual staff and a team that is up to date on the latest market trends. New York Habitat strives to offer the best selection of apartment rentals in the market and offers thousands of accommodation options. To search our apartments in New York visit our New York apartment page.

Feel free to contact New York Habitat with any questions and comments about the report at marketreport@nyhabitat.com. To view previous reports visit the Furnished Apartment Rental Market website of New York Habitat. Remember to check this website in July for the next update on the New York Furnished Apartment Market Report.

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Brian Lowenberg
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