NEW YORK CITY—According to a recent November 2020 New York Rent Report from Apartment List, New York rents declined over the past month. In this report, chief economist Igor Popov, evaluates trends in the New York rental market, including comparisons to similar cities nationwide.
Popov notes that New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Currently, median rents in New York stand at $1,619 for a one-bedroom apartment and $1,703 for a two-bedroom.
"This is the tenth straight month that the city has seen rent decreases after an increase in December of last year. New York's year-over-year rent growth lags the state average of -7.0%, as well as the national average of -1.4%," the report says.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
