I came across an interesting clip from Brick Underground about renting or selling during the Winter months, which then lead me to a Manhattan rental report and from there I tripped over housing stats about Harlem. If you’re an owner of property in Harlem, you’ll enjoy this news. If you’re a person looking to rent in the Harlem area, this is info could be bad news for your endeavor.
According to the 2012 November issue of Manhattan Rental Market Report, “Harlem is the only neighborhood that saw increases,” which is unusual because during the cold season the real estate market typically slows down for both selling and renting; and numbers are flat. But not for renting in Harlem. The numbers are up, according to this report. Here are the Harlem stats:
Non-Doorman Studios (3.1%)
Doorman Studios (4.4%)
Non-Doorman One-Bedrooms (3.5%)
Doorman One-Bedrooms (2.6%)
Non-Doorman Two-Bedrooms (2.0%)
Doorman Two-Bedrooms (1.2%)
To learn more about the Manhattan Rental Market Report, go here.
Posted in 110th Street, 116th Street, 125th Street, Adam Clayton Powell Jr. Blvd., apartments, business, Community, education, Frederick Douglass Blvd., Harlem, Lenox Avenue, New York, New York City, NYC, real estate
Tagged Apartments, Brick Underground, business, doorman, economy, Harlem, Insider tips for selling/renting out your apartment in the "slow" season, real estate, rental market, rentals, renting
According to RentJuice®, a Zillow® business and provider of lease marketing technology to thousands of real estate property managers and brokers, the uptown part of Manhattan, specifically Harlem neighborhoods, experienced a price jump in the rental sector of real estate. In a news release distributed today, it stated that “over the last quarter, the city’s average cost for space remained stable at $4.98 per square foot-exactly the same as at the close of the first quarter. The largest hike in price per square foot occurred uptown in Harlem. Neighborhoods such as Central Harlem, Harlem and Morningside all experienced 11 percent jumps in average price per square foot in the second quarter. Renters in Hamilton Heights, however, saw a five percent decrease in average price per square foot.”
To read the full news release, click here.
Posted in 110th Street, 116th Street, 125th Street, Adam Clayton Powell Jr. Blvd., apartments, commercial real estate, Community, Frederick Douglass Blvd., Harlem, Lenox Avenue, New York, New York City, NYC, real estate
Tagged Apartments, business, economy, Harlem, real estate, rental market, transportation, travel, undefined, vacation