Property prices for rent in New York region
The average rent price in the New York region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in New York has risen considerably in the last 6 months. During August, the average price per sq.feet was $10.58. The following month (September) the price had a considerable fall reaching $4.2 per sq.feet. In the following two months (October, November) the rent price per sq.feet has increased notably to a 166 %. In the last two months, the price per sq.feet has had a significant rise of 289 %. This has been obtained by comparing the price of $9.82 for the first four months of the sample with regard to the previous 4 months and the price of $28.39 per sq.feet for the last two months (December, January).
When referring to the price in New York(region), this has risen in the last 6 months. The average rent price in August is $2,940. In September the price rose to $3,235. In the following two months the average price practically remained the same compared to the previous two going from $3,087.5 to $3,023. During the last two months the price has gone up 109 % compared to the previous average values going from $3,055.25 a $3,330 in December y January.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 14 % cheaper than the average price in New York followed by those with 2 with an average price of $3,612. The most expensive properties have 4 bedrooms. They are 105 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,847.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $10.52 / sq.feet being $43.68 / sq.feet the average for New York. The properties with the lowest average price are those with 1 bedroom. These are 8 % more affordable than the average followed by those with 3 bedrooms with a price of $26.66 / sq.feet.
The graph displaying the average rent price according to the property type shows "Office" as the most affordable one. With an average cost of $3,447 it is 39 % cheaper than the average in New York. This is followed by "Condo" with a cost of $2,680. The most expensive property type is "Apartment" and is 34 % more costly than the average, followed by "Commercial" with a cost of $3,923.
Based upon the average cost per sq.feet the most affordable property type is "Office with a an average price of $2 / sq.feet, followed by "Commercial" with a price of $2.39 / sq.feet. "Townhouse" with an average price of $133.91 / sq.feet is the most expensive type of property followed by "House" at a price of $55.53 / sq.feet.
