More Manhattan apartments enter landscape

  • The borough contained 9,317 units for rent in March, up from 8,607 in February, according to the real estate report.
  • Annual prices dipped by 2.92 percent from $3,966 in March 2015 to $3,850.26 last month.
  • Market inventory was highest in Financial District doorman studios (239 units), Upper East Side non-doorman studios (290 units) and Midtown West one-bedrooms with doormen (446 units).
  • Harlem saw the largest decrease in annual rent at 12.7 percent. This drop was affiliated mostly with the doorman sector.

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Although prices remained stable overall month-to-month, MNS reports an 8.25 percent increase in Manhattan apartment listings in its new March rental report. The borough contained 9,317 units for rent in March, up from 8,607 in February, according to the real estate report. Although prices hardly moved on the overall scale with a decrease of .005 percent, MNS expects to see prices gradually increase closer to mid-year.