Previously we learned about the 1st half of 2009’s New York Furnished Market Report.
2009 bought changes to the New York Furnished Apartment market and the Furnished Apartment Market Report brings all the details in focus. Recently New York Habitat released the latest installment of the report to provide information about vacation rentals, furnished apartments and rooms for rent in New York.
This report looks at details about the 2nd half and full year of 2009 and has comparison data from 2007 and 2008. Some of the key trends that the report focuses on include:
- Demand reduction for apartments in New York
- Price declines for all types of rentals, which in turn have helped to spur new demand
- Improving conditions in the 2nd half of 2009 as prices fell causing the number of rentals to increase
The New York Furnished Apartment Market Report webpage has links to this report as well as previous reports. Check back around August 2010 for 2010 1st half market report to see the latest on the vacation rental, furnished apartment and apartment share markets in New York.
To see all apartment listings throughout New York City visit : The New York vacation rental search, The New York furnished rentals search and The New York roommate share search.
We have designed this report for anyone interested in Vacation Rentals, Furnished Apartments and rooms for rent in New York. We encourage you to use this to help make decision related to these markets. Furthermore, if you have any questions or need more information about the New York Furnished Rental Market, feel free to post a comment below or to e-mail the team at marketreport@nyhabitat.com
Previous market report blog articles:
- New York Furnished Apartment Market Report: 2007 1st half
- New York Furnished Apartment Market Report: 2007 2nd half and full year
- New York Furnished Apartment Market Report 2008 1st half
- New York Furnished Apartment Market Report 2008 2nd half and full year
- New York Furnished Apartment Market Report 2009 1st half
Thanks very much for this.
The average price of a vacation rental dropped off quite a significant amount from 2008 in New York City.
The Market Report is great tool full of info! This is for sure that this is something different every 6 month. The vacation rental market must have change quite a lot over the last 12 months.
Wow pricess really are going down significantly.
I am really curious to see how the rental trends sway in 2010. The economy is not as low as it was, but still not up either. Although it really does seem like a lot more people are travelling than a few years ago.