The Marcus & Millichap Company
Report: It'll Feel Like '06 for Renters in '07
For renters and would-be renters in New York City, 2007 will be--surprise!--another trying year.
A new report from investment brokerage Marcus & Millichap declares New York will have the lowest rental apartment vacancy rate in the nation (2.8 percent) by the end of the year, as well as the strongest growth in rents throughout the year.
These dual projections will keep New York, the report says, the tightest, priciest rental apartment market in the United States, ahead of No. 2 Orange County, Calif., and No. 3 Oakland. In fact, New York's the only non-West market to make the report's top 5.
Release on the report after the jump. read more »
- Tom AcitelliManhattan Rental Market Not as Tough as They Say
You wouldn’t wish it on your worst enemy. read more »
