NYC Apartment Agent

New York real estate + beyond

U.S. Rental Market Poised to Make Bigger Gains

with 2 comments

Everything is blooming this year, including rents.

Everything is blooming this year, including rents.

Rents are rising across the United States, the result of a strengthening employment market, USA Today reported.

Real estate market watchers Reis and MPF Research forecast an increase in apartment rents nationwide, 4.3 percent and 5 percent, respectively.

The top two gainers for the first quarter of 2011 are: San Jose, with rents increasing 4.6 percent there, and New York, up 4.4 percent for the year. Both cities outpace the national average of nearly 2 percent from the same period last year.

The news comes on the heels of a study predicting that New York rents will rise 5.7 percent to $3,790 per month in 2011.

Advertisements

Written by Bruno

2011.05.05 at 20:27

2 Responses

Subscribe to comments with RSS.

  1. […] rents in New York City were forecast to rise 4.4 percent, according to a USA Today story, and up to 5.7 percent, according to The Real […]

  2. […] forecasts of rising rents in New York and across the United States hinged on increased […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: