Friday, December 13, 2013

Manhattan Apartment Rents Drop for a Third Straight Month

Well, this matches what I found looking at the U-Haul Index.  First, the article:
Manhattan apartment rents fell for a third month in November and the vacancy rate reached the highest in at least seven years, signs the market is weakening amid a spike in homebuying and the lure of leasing in Brooklyn.

The median monthly rent in Manhattan dropped 3 percent from a year earlier to $3,100, according to a report today by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The vacancy rate climbed to 2.8 percent, the highest since the firms began tracking the data in August 2006.
Well, maybe since it's Mahattan, it's just more expensive regardless of the cost of things.   But a 14' truck for two bedrooms of stuff is a whopping $2,456.  But this includes an extra day and extra miles in the cost.  So, is it the same?

Possibly not.  The return trip is $932.  This is a ratio of 2.63  I don't remember how this compares to CA Fresno/San Francisco.

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