The rent prices in real estate in Central Square, in the New York region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Central Square has had a strong fall during the last 6 months. In October, the average price per sq.feet was $0.9. In November this price barely changed remaining at $0.9 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has had a considerable fall of 0 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $0.67 to during February, and March.
When referring to the price in Central Square (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $2,625. In November This price remains at $2,625. During the following two months (December, January) the average price had a considerable fall of 73 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,272.5 to $1,215, which means a 53 % fall.