Guess what? Rents are at an all time high - average rent is $3429 according to this video from the Wall Street Journal.  Looking for a doorman 1 bedroom in Flatiron?  Expect to pay on average $3600+.  My favorite building in Flatiron, the highly coveter Caroline, last week had a few 1 bedrooms starting at $3795 (gulp!) and each one rented within 5 days.

If you are open on neighorhood, there are a few buildings that still offer incentives.  In some cases, you can still steal a brand new luxury 1 bedroom in a doorman building for under $2900 net, like this!

Need assistance in your NYC home search?  TIred of paying sky-high rent and considering buying but don't know where to start?  Contact me at 646-481-8322 to demystify the search and help you find the place that's right for you.

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The daily newspapers are all over this!  If the Spring market is any indication, this is going to be a very busy Summer.  Contact me on how to be prepared for your home search!

Click on the headlines for the articles:

AMNY: Manhattan rent prices rise to an all-time high: report

"Just when you thought Manhattan rents couldn't squeeze your checkbook any tighter, prices have busted through the ceiling to reach an all-time high.

Gotham rents in the first quarter of 2012 now surpass pre-recession levels, with the average rental up 6.5% over the past year"

Metro: Skyrocketing rents in NYC hit a decade high

It's not just your landlord. If rents always seem to be creeping up, it's because they are: Last month, Manhattan rents hit their highest price of the past 10 years, according to a new report out today. 

Curbed: Rental Market's Upward Swing Continues in the First Quarter

Rentals in all size categories, and their prices, increased (with the exceptions of three- and four-bedrooms). Average studio prices went up 10 percent; 1BR prices went up 8.7 percent; 2BR prices went up 5.6 percent. Prices on 3BR and 4BR apartments dropped, by 3.1 percent and 2.8 percent year-over-year.

Average rents for studios in March 2012:

   
The most expensive places to live in Manhattan:
$2,504 Wall Street/Battery Park City
$2,500 SoHo/Tribeca
$2,415 West Village

The cheapest places:
$1,128 Washington Heights
$1,292 Harlem
$1,619 Morningside Heights

(source: Citi Habitats)

Need clarity and expert counsel for your next apartment purchase or rental search?  Send me an email or call me, for tips and assitance to save you time!