Elegran Edge
The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
Articles about "NYC Rents"
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How Will Amazon's New Headquarters Impact Rents?
By
Laura Schier
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May 03, 2018
Every city is hoping to be named the site for Amazon's second headquarters, but how will the company impact rents in the area it chooses?
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When is the best time to rent an apartment in the US?
By
Laura Schier
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February 15, 2018
Rents fluctuate at different times throughout the year in NYC and other major U.S. cities. When is the best time to take the plunge?
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High-level renters call the shots
By
Shayna Murphy
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June 22, 2017
High-level renting in NYC is quickly becoming a trend of 2017, as increasingly more people opt out of buying.
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Manhattan Leads the List of Expensive Cities to Rent In
By
Diana Eastman
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June 13, 2017
Manhattan rents are still among the highest in the U.S.
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Rents Rise Relative to Income Nationwide
By
Jonathan Tuason
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May 16, 2014
Data collected via Zillow for the New York Times listed the median rents and median incomes for cities across the country. The compiled data showed that nationally, for about 50% of renters, 30% of their incomes is spent on housing costs, with that 30% proportion for median data holding true for 90 cities.
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The Fight to Legalize Conversion Apartments
By
Bryan Gamble
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November 12, 2013
While New York City is known for its abundance of luxury apartments and penthouses that cater to its elites and have an appropriate price tag, the affordable housing market often goes unmentioned in discussions of the real estate market. Although there are plenty of ludicrously tiny and creatively furnished apartments around the city, these tiny living spaces still lack affordability.
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New York Cracking Down on Short-Term Rentals
By
Bryan Gamble
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October 23, 2013
Among the recent trends involving real estate and technology start-ups is the website Airbnb (Air Bed and Breakfest), which is essentially a short-term rental service that connects visiting clients with local residents renting space.
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Ultra-Luxury: The Posh Future of NYC Real Estate
By
Peter Black
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September 09, 2013
Cash is flowing into New York City real estate. Or, more precisely, into New York City ultra-luxury real estate. Average condo prices in the Big Apple are now higher than they were pre-recession. For more than a decade, London's luxury apartments were the world's most coveted properities. Not anymore—it appears that Manhattan is once again the leader of the global real estate market. Eager investors are pumping massive amounts of cash into ultra-posh, ultra-luxury high-rises.
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New York City: More Affordable Than You Think!
By
Aby Thomas
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October 19, 2012
New Yorkers have been complaining for quite a while now about how they are being subjected to greater financial burdens than the rest of the country, thanks to rents staying at alarmingly high rates in the city. But a new study is debunking this theory by saying that if one were to consider the costs of housing and transportation together, New York City is actually one of the more affordable cities around in the country.
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NYC: Vacancy Rates Rise, But Rents Soar
By
Aby Thomas
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July 13, 2012
Recent reports in June reveal that while more Manhattan apartments are coming onto the real estate market, rents for all these apartments, from studios to three-bedrooms, continue to shoot up. While the median price of a rental apartment has now reached a staggering $3,125 per month (a rise of 7.9% when compared with the same period last year), the vacancy rates have shown a tiny but noteworthy rise from 0.69 percent last year to 1.01 percent in June.
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