New York City’s scarce rental inventory has gotten slightly better, according to a new StreetEasy market report, but it seems due to tenants being priced out of COVID deals.
The StreetEasy report notes that landlords are making up for lost revenue. Something to help that aim: units listed in 2020 or 2021 and relisted in the second quarter of 2022 had a 20.4% increase in their asking rents, making it seem that landlords have “aggressively” upped the prices for dwellings leased during COVID to recoup their losses. Meanwhile, homes listed in 2018 and 2019, which then hit the market again last quarter, only had a 4.5% rent increase, the report adds.
Renters priced out have set their eyes on more affordable areas. For instance, StreetEasy adds, rental inventory in Queens declined for the fifth straight quarter. Inventory slipped 9% to 8,984 quarter-over-quarter, while the median asking rent grew by 13% to $2,600 from the first quarter. That amount is 43% of Queens’ median household income.
Inventory in Brooklyn rose 5% to 23,130 quarter-over-quarter, while the median asking rent increased 12% to $3,200 over the same period of time. That’s 60% of the monthly median household income in the Borough of Kings — “a staggering financial burden for a household,” the report adds.“During this transition in the NYC market, we foresee rent increases continuing at least through the end of this summer,” the report adds.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nissan Sakura Is a Cute Electric Runabout for Japan, Priced under $14,000The Sakura fits into Japan’s kei-car class, and its 20.0-kWh battery provides a claimed 112 miles of range for the tiny electric box.
Leer más »
Woman, 77, Found Beaten to Death Inside NYC Home: SourcesA 77-year-old woman was found beaten to death in Brooklyn, authorities said Sunday. First responders were dispatched for a possible assault inside a residence on East 45th Street near Linden Boulevard in the Flatbush section late Saturday. Police found Elenora Bernard with bruising and swelling all over her body, two police sources said. They also said she suffered from dementia….
Leer más »
Bronx family aims to help people with disabilities find accessible attractions in NYCA Bronx family started a blog to help people with disabilities find accessible destinations and attractions in New York City. HannahKliger reports.
Leer más »
Safety is No. 1 concern among NYC subway riders, MTA survey findsNearly one in five respondents, meanwhile, said they would ride the subway more often if there were “fewer people behaving erratically,” the survey found.
Leer más »
Sunday heat hampers biking, running portions of NYC TriathlonAs a result of Sunday's heat advisory with near-record-high temperatures, organizers reduced the running portion of the race from 6.2 miles to 2.5 miles, while cutting the 25-mile bike leg in half.
Leer más »