Your very latest New York City apartment hunting intelligence report: hope is lost.
Manhattan rental apartments are 99% full. Manhattan rent prices rose in May for their 15th consecutive month.
Median rents in Brooklyn rose nearly 5% in May, to almost $3,000 a month. People used to move to Brooklyn for its affordability.
Less than 2% of renters in Manhattan and Brooklyn now get any rental concessions in their leases.
Even in the Brooklyn-overflow Queens neighborhoods of Long Island City, Sunnyside, and Astoria, where rents fell last month, median rents are still close to $2,600.
That’s too much to pay to live in Sunnyside, Queens. No offense.
Some parts of Staten Island are still available. You have to take a boat to get there.
Visit beautiful New York City—then leave.
[You can’t afford anything in this photo: Flickr]