Madurai News

NYC Median Rents Increased 2.6% in December for an Index of No Fee Apartments

 Breaking News
  • No posts were found

NYC Median Rents Increased 2.6% in December for an Index of No Fee Apartments

January 04
14:21 2023

New York, NY, USA – January 4, 2023 – RENTBETTA.com, a website connecting renters with no fee apartments available directly from building owners and leasing offices through New York City, announces median rents increased 2.6% in the month of December versus November.

In November, rents declined only 0.6% sequentially, an early indicator of surprising strength in the rental market. Traditionally, rents decline noticeably during the Winter months in NYC, as more inventory gradually becomes available after peak demand from an influx of young professionals and new students during the Summer fades.

December’s 2.6% sequential increase following a lower than expected November decrease is highly unusual and a worrying trend for renters, who face tight inventory, limited additional supply, and exorbitant broker fees to find a new apartment.

RENT BETTA is doing its part to lower the burden on renters by connecting them with over 1,000 no fee apartments available from dozens of property managers throughout New York City. Users can book a tour and apply for any apartment on the site and will be connected directly with the leasing office, not a broker.

A blog post with more data is available at RENTBETTA.com/blog/nyc-median-rent-december-2022.

About RENT BETTA

RENTBETTA.com offers no fee apartments from property management companies across NYC, making it easy for renters to save thousands of dollars on broker fees. Users can book a tour and apply for any apartment on the site and will be connected directly with a leasing office, not a broker.

Follow us to see top daily no fee apartment deals, and if you love what we’re doing to help NYC renters, share a TikTok!

twitter.com/rentbetta

tiktok.com/@rentbetta

Journalist? Email [email protected] for early access to original data on the NYC rental market.

Media Contact
Company Name: RENT BETTA
Contact Person: Gregory H. Rose
Email: Send Email
Phone: 917-414-2942
Country: United States
Website: https://rentbetta.com