Rents on the Upper West Side have been going up for the past year, and in September they hit a new milestone: the average price of a studio in a building without a doorman is now over $2,000, according to a new report from MNS. That means for the first time since the research firm started compiling these stats, there aren’t any sizes of apartments on the Upper West Side whose average rents are below $2,000.
On a month-over-month basis, rents in certain kinds of apartments fell (notably, one-bedroom apartments in buildings without doormen are renting for 4% less than they were last month). But rents are still generally on the upswing. Average rents for two bedrooms without doormen spiked this month, rising 7.6% over last month’s levels to $3,707.
Monthly numbers can contain anomalies; on a year-over-year basis, it’s clear that rents have risen considerably, mostly by 5% to 10% for the different sizes of apartments. Check out the average September rents in the report below:
- Studio (with doorman) $2,597
- Studio (no doorman) $2,014
- One-bedroom (with doorman) $3,598
- One-bedroom (no doorman) $2,688
- Two-bedroom (with doorman) $5,820
- Two bedroom (no doorman) $3,707
Photo by ShellyS via flickr.