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    WIKIPEDIA TOPIC PAGE
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    This site is designed to help users find decent rates on apartments in safe, convenient neighborhoods in all five NYC boroughs and the surrounding areas. The Manhattan Rental Market Report is a monthly report that tracks the average rental prices of apartments in the residential real estate market of Manhattan, New York. It is currently the only report that compares fluctuations in Manhattan rents on a monthly basis. The data is taken from thousands of current rental listings below 155th Street and sorted by service level, neighborhood and apartment size. The graphs compare mean citywide rents, citywide trends for the year and neighborhood rental trends. It is released free of charge and is available in HTML and PDF formats on the The Real Estate Groups website.[1] The Manhattan Rental Market Report was first released in January 2007 by the Flatiron-based brokerage firm The Real Estate Group (TREGNY) and geared toward landlords, renters and developers. Its aim was to provide transparency into the current Manhattan rental market and supply property owners with a resource to competitively price their units--something that was seriously lacking prior to the report's release. Chief Operating Officer of The Real Estate Group, Daniel Baum, was not satisfied with the quarterly data provided by other brokerage firms, as they did not cover the entire Manhattan market, nor did they adequately reflect market fluctuations in a timely enough manner. There was no clear portrait of the market available and Baum felt a remedy should be made. With this objective in mind, the Manhattan Rental Market Report was created.

     

       
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