Micro-Apartments: Will the Trend Catch On?

The emerging trend of micro-apartment living is gaining steam in major markets across the United States. New York, Boston, Seattle, San Francisco and San Jose are just a handful of the cities adapting to the global urban housing shortage with smaller living spaces. Featuring 300sq ft or less of living space, these units are designed … Read more

Rent rises in Manhattan, bolstering occupancy rate

According to a recent report from Prudential Douglas Elliman, the Manhattan rental market continued to make great strides during the fourth quarter, which could make investing in a home for sale in New York City a safe bet. The report showed that rental prices during the fourth quarter increased by 9.5 percent on a year-over-year … Read more

Housing markets in NYC outer-boroughs outperform Manhattan

The outer-boroughs of New York City recorded the best housing market performance during the fourth quarter of 2011, The Wall Street Journal reports. According to the newspaper, despite a decline in home sales all across the Big Apple during the quarter, the median price of homes in the Bronx and Brooklyn edged higher as prices … Read more

Rent, occupancy rates increase in Big Apple

According to RentJuice Corporation, rental prices in New York City increased during the fourth quarter of 2011, which could prompt a spike in home sales. The report indicated that monthly rent rose from $3,267 in the third quarter to $3,299 in the fourth quarter – a 1 percent change. However, even though the increase was … Read more

Multifamily Executive: Wiped Out

Wiped Out By Chris Wood / April 8, 2009 The recession impairs fundamentals and stresses property performance across all markets and product types. Here’s our report on the state of rents in the multifamily industry. Multifamily heavyweights always thought they’d be safe in New York City. Even after the horrific events of Sept. 11, 2001,… … Read more