[click to open report]

The 1Q 2010 Manhattan Rental Market Overview , part of a report series that we have authored for Prudential Douglas Elliman since 1994, was released today.

Other reports we prepare can be found here.

Press coverage can be found here once we get around to uploading it. In the meantime….

An excerpt

>…While price
indicators remain below the same period last year,
face rents—rental prices before consideration
of concessions—have shown stability so far in
2010. The average rental price was $3,812, down
8% from $4,142 in the prior year quarter and
essentially unchanged from $3,789 in the prior
quarter. Rental price per square foot was $46.91,
down 3.1% from $48.41 in the prior year quarter,
and down 0.2% from $47.02 in the prior quarter.
Median rental price was $3,100, down 6.1% from
$3,300 in the prior year quarter, but 6.9% above
the $2,900 seen in the prior quarter…

Download 1Q 2010 Manhattan Rental Market Overview [Miller Samuel]