I LOVE NEW YORK, I JUST CAN'T AFFORD IT !!!
Ave. Rent: $2,000 a Month, for a Studio
Jul 13 01:29 PM US/Eastern
By VERENA DOBNIK
Associated Press Writer
NEW YORK (AP) - If you're looking for a Manhattan apartment, be prepared to shell out about $2,000 a month—unless, of course, you'd like a bedroom to go with it.
Studio apartments in New York's most expensive borough went for an average of $1,995 a month last year, according to an analysis released Friday by Citi Habitats, a Manhattan rental brokerage firm. That's up from $1,659 in 2002.
The average rent for a one-bedroom apartment shot up to $2,737, compared to $2,227 in 2002, and two-bedroom apartments climbed to $3,893, from $3,198 in 2002. Three-bedroom apartments saw the largest percentage increase: more than 36 percent, from $4,059 in 2002 to $5,534 last year.
The increase did nothing to decrease demand. The overall rental vacancy rate for Manhattan last year was less than 1 percent.
The report reflects that "we're the center of everything," said Citi Habitats spokesman Christopher Dente. "There's a lot of relocation—thousands of people are coming in."
He attributed the bulging rents to the city's strong economy. In addition, the U.S. dollar is low against foreign currencies, "and we're a very popular destination for foreigners," Dente said.
Citi Habitats based its data on 50,000 deals the firm closed from 2002 to 2006.
About 75 percent of housing in Manhattan is comprised of rental properties. The company did not analyze properties in the city's other boroughs—Brooklyn, Queens, the Bronx and Staten Island. The study also does not include Manhattan apartments subject to rent control or rent stabilization—at least 10 percent of available properties.
The trend of rising rents continued in the first six months of this year with increases between 4 percent and 8 percent, said Citi Habitats CEO Gary Malin.
EUROPE'S FINEST TOPLESS HONEYS
Donald Trump, a co-owner of “Miss USA”, “Miss Universe” and “Miss Teen USA” pageants, has come up with a new reality TV show which will take...
Yes ALL of these women are over 50 years old, sure some of them have had some work, but I mean come on a few are grand mothers (GMILFS)!, a...
Ava Fiore is a Playboy model and 2002 Golden Gloves champion boxer. She was arrested on Wednesday night on I 80 east in Kimball, Nebraska. P...
"Intelligence is the capacity to receive, decode and transmit information efficiently. Stupidity is blockage of this process at any po...
Austria drew first blood early today when their topless women's football team beat Germany 10-5. The traditional swapping of shirts afte...
Chloe Marshall has recently won the Miss Surrey 2008 beauty pageant. She will now advance to the Miss England contest, which is open to fema...
Things William Alan Shatner has done that you haven't: * Released a live lemur from a baby carriage to help three women book cheaper...
Larry Flynt, the wheelchair bound self-proclaimed "smut peddler" and "1st Amendment Crusader" has published photos of Na...
Missed it ? - The Archives !
- ► 2010 (80)
- ► 2009 (319)
- ► 2008 (1240)
- SCARLETT JOHANSON- TO STAR AS JENNA JAMESON ?
- JOE PESCI ENGAGED TO ANGIE EVERHART
- REPUBLICANS SHUN "YOUTUBE" DEABTE
- JAPANESE PENIS FESTIVAL ???
- 7 YEAR OLD TOTALLY ROCKS "GUITAR HERO" ! ! !
- HOLLYWOOD A-LIST BIKINI CONTEST
- NATALIE GULBIS- WORLDS SEXIEST GOLF CHAMP
- WHY FOX HATES BLOGGERS ? ? ?
- BRITNEY SPEARS - LOOKS HOT IN A BLACK DRESS !
- NEW MAUI TV STATION K - UNT ???
- HEIDI KLUM NUDE IN ARENA MAGAZINE ! ! !
- TALK SEX- DR SUE SHOWS HOW TO PLEASURE A MAN
- COP PULLS OVER AN AIRPLANE ???
- HIGHEST PAID TV STARS Oprah Winfrey : $260 million...
- HILARY DOMINATES THE YOUTUBE DEBATES !
- AQUA TEEN HUNGER FORCE MOVIE INTRO ! ! !
- WTF- GOVERNMENT CHARGING SOLDIER FOR LOST EQUIPMEN...
- SENATOR ROBERT BYRD (D) - "BARBARIC"
- WORST JAILBREAK EVER ! ! !
- FAMILY GUY - POLITICIANS & VOTERS
- CALIFORNIA INVADED BY GIANT SQUID ! ! !
- ARTISTIC BODY PAINTING ! ! !
- THE HEART ATTACK GRILL ???
- JESSICA ALBA - SEXY PICS IN THE AUGUST GQ ! ! !
- HILARY - "SOMETIMES THE BEST MAN FOR THE JOB IS A ...
- JOE ROGAN'S STRANGE VIEW OF MANKIND
- A VERY STRANGE "SKITTLES" COMMERCIAL
- IRAQI STAR WARS "AC-130 & UH 60 GROUND FIRE"
- SERENA WILLIAMS NUDE IN JANE MAGAZINE
- DUBAI TOWER - WORLD TALLEST 1,680 FEET
- CHINOOK THE COMPUTER THAT OWNS CHECKERS !
- WTF - BUSH HAS MADE WAR PROTEST ILLEGAL
- SIMPSONS- # 1 FROM THE TRACY ULLMAN SHOW
- PHILLIPINE JAILHOUSE VERSION OF THE "THRILLER"VIDE...
- MEXICAN MAN LOSES 200 KILOS OF FAT ! ! !
- BRITNEY ON THE BEACH, NO BIKINI, NO PROBLEM
- Poll: 'None of the above' leads GOP field
- THE SIMPSONS EXPOSE THE FOXNEWS AGENDA !
- TRICKY AD FOR HAIR REPLACEMENT SERVICE
- LINDSAY LOHAN'S NEW ANKLE BRACELETT
- BEST STUDENT TEACHER EXTRA CURRICULAR RELATIONSHIP...
- BAD ADVERTIZING PLACEMENT DECISIONS
- NEWS ANCHOR LAUGHS AT FALLING MODEL
- HOMER SIMPSON PISSES OFF PAGANS ???
- CAMERON DIAZ - BIKINI BEACH SHOW !!!
- TOP NEWS - THE INTERNET HAS CRASHED !!!
- LINDSAY LOHAN'S LITTLE SISTER ALI ! ! !
- 110 FOOT PLATFORM DIVE ! ! !
- PHILLIES RESCUE ROCKIES GROUND CREW ! ! !
- Phillies lose their 10,000th game ! ! !
- POODLE FITNESS TRAINING ???
- SIMPSONS - HOMER CLONES HOMER ! ! !
- SIMPSONS - ALI G SPOOF ! ! !
- PROTESTING GEORGE BUSH BRAZILIAN STYLE !!!
- RANDOM QUASI CELEBRITY HOTTIES ! ! !
- HOW BUSH HAS BEEN FUDGING THE NUMBERS
- REBECCA ROMIJN MARRIES FAT KID FROM "STAND BY ME" ...
- HOW STUPID ARE THE FRENCH ???
- CAN YOU HEAR ME NOW ? ? ?
- ROBOTS USED TO HANDLE EXPLOSIVE IN IRAQ
- SAVE THE INTERNET BY JULY 16TH ! ! !
- TOP TEN HOTTEST BABES OF POKER
- RUNNING OF THE BULLS IN PAMPALONA SPAIN
- WTF - Ave. Rent: $2,000 a Month, for a Studio ???
- LOUIS CK - RECREATIONAL PEOPLE HATING
- 10 YEAR OLDS KIDNAP A BABY ! ! !
- THAT SCENE FROM "DELIVERENCE" 1972
- TV REPORTER BUSTED BY BIKINI VIDEO ! ! !
- 4 DJS WITH 4TURNTABLES & FOUR 808'S - 1 SONG
- WILL AN " IPHONE " BLEND ? HELL YEAH ! ! !
- JESSICA - THE HOUSE PET HIPPO ???
- BAI LING HAS A HUGE NIPPLE ! ! !
- NEW PLANET WITH WATER FOUND ! ! !
- DAVID LETTERMAN GETS PERSONAL WITH OPTIMUS PRIME !...
- LINDSAY'S 21ST BIKINI BIRTHDAY BASH ! ! !
- MAN PICKS 40 + POUND MUSHROOM ! ! !
- FAT RICH KID HAS PHAT 16TH B-DAY PARTY ! ! !
- JAPANESE TV - DIZZY BOXING ! ! !
- EVEN THE "MPAA" PIRATES MOVIES ! ! !
- MAN LEGALLY CHANGES NAME TO OPTIMUS PRIME !
- LINDSAY LOHAN - RADAR PHOTO SHOOT VIDEO !
- USATODAY - Steady leads for Giuliani & Clinton
- GREGORIAN MONKS COVER "GREENDAY "???
- JAPANESE TV- MORE HUMAN TETRIS ! ! !
- BOEING UNVEILS NEW 787 DREAMLINER ! ! !
- A VERY UNUSUAL COMMERCIAL FOR THE WIND ?
- STEVE MARTIN JAMMIN WITH EARL SCRUGGS
- CARLOS SLIM THE RICHEST MAN IN THE WORLD !
- EVERYDAY ENGLISH FOR JAPANESE HOOKERS ?
- MICHELLE MALKIN HATES HUGH HEFNER 2.0
- ANABOLICRHINO CHALLENGED ON MIENFOKS !
- TODAY IS TODAY YOUR LUCKY DAY ???
- THE OFFICE - PRANKS ON DWIGHT ! ! !
- AWESOME UNEXPECTED TV FIGHTS ! ! !
- VIDEO DOWNLOADER BEWARE ! ! !
- Company Advertises for Condom Testers
- AMAZING BO - 5 FLYING TIGER HELICOPTER !
- NATHANS HOTDOG EATING CONTEST 2007
- MIDGET WARS ! ! !
- ODD MAN GETS TRAPPED IN A BALOON ???
- ▼ July (118)