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Manhattan Real Estate Stats - How many residential rental units are located in NYC? How many rental buildings in total are in NYC? $10 TIP!!
I am looking for a source which best estimates the total number of residential units (apartments) available for rent in Manhattan. I am also looking for how many residential rental buildings in total there are in Manhattan... Please provide references/sources. Thanks.
**UPDATE** To clarify, I am looking for the TOTAL AMOUNT of residential rentals in New York, NY - I am NOT looking for total amount of AVAILABLE/VACANT rental units available, but rather the TOTAL amount of residential rental units whether occupied or vacant. Make sense? Same with the total number of residential buildings - looking for TOTAL amount, not total vacant amount... let me know if you have any questions. THANKS**
Happy Hunting!
-AJ
**UPDATE** To clarify, I am looking for the TOTAL AMOUNT of residential rentals in New York, NY - I am NOT looking for total amount of AVAILABLE/VACANT rental units available, but rather the TOTAL amount of residential rental units whether occupied or vacant. Make sense? Same with the total number of residential buildings - looking for TOTAL amount, not total vacant amount... let me know if you have any questions. THANKS**
Happy Hunting!
-AJ
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answers (4)
Rental units - 2,145,000 (includes occupied and vacant) Based upon the 2008 New York City Housing and Vacancy Survey
Excellent - what about the total number of residential rental buildings?
Tip patsfan88 for this comment
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Report
www.housingnyc.com/downloads/research/hvs08/08tables.pdf
By housing inventory
Total rental units:-2,144,652
Total housing units-3,328,648
Total owner units-1,045,953
By housing inventory
Total rental units:-2,144,652
Total housing units-3,328,648
Total owner units-1,045,953
source(s):
www.housingnyc.com/downloads/research/hvs08/08tables.pdf
www.housingnyc.com/downloads/research/hvs08/08tables.pdf
I looked at above information too. I am not sure what percentage of New York CIty numbers would apply to Manhattan
Can you define the difference between rental, housing, and owner please?
The source of the data was the census data. Here are the definitions the census website provides: (http://factfinder.census.gov/home/en/epss/glossary_a.html)
Owner-occupied housing unit
A housing unit is owner occupied if the owner or co-owner lives in the unit even if it is mortgaged or not fully paid for.
Renter-occupied housing unit (Although the number provided above includes vacant)
All occupied units which are not owner occupied, whether they are rented for cash rent or occupied without payment of cash rent, are classified as renter-occupied.
Housing unit
A house, an apartment, a mobile home or trailer, a group of rooms, or a single room occupied as separate living quarters, or if vacant, intended for occupancy as separate living quarters. Separate living quarters are those in which the occupants live separately from any other individuals in the building and which have direct access from outside the building or through a common hall. For vacant units, the criteria of separateness and direct access are applied to the intended occupants whenever possible.
Owner-occupied housing unit
A housing unit is owner occupied if the owner or co-owner lives in the unit even if it is mortgaged or not fully paid for.
Renter-occupied housing unit (Although the number provided above includes vacant)
All occupied units which are not owner occupied, whether they are rented for cash rent or occupied without payment of cash rent, are classified as renter-occupied.
Housing unit
A house, an apartment, a mobile home or trailer, a group of rooms, or a single room occupied as separate living quarters, or if vacant, intended for occupancy as separate living quarters. Separate living quarters are those in which the occupants live separately from any other individuals in the building and which have direct access from outside the building or through a common hall. For vacant units, the criteria of separateness and direct access are applied to the intended occupants whenever possible.
Housing includes both rental and owner.
Rental units are units rented to other people
Owner units is where the owner of the property lives in the unit or the owner sells it.
Rental units are units rented to other people
Owner units is where the owner of the property lives in the unit or the owner sells it.
I thought you are looking for latest data For eg 2009 or 08. Now i am not sure Please clarify??
Source (1) - 200
Warburg Realty estimates the total number of residential units available for rent in Manhattan as 610,000. ( first link)
Assuming an average of about 150 rental units per building you would be looking at about 4,000 rental buildings . Not sure about this number, kind of estimated it from some numbers in 4th link
Source (2)
Census Survey Indicates 1188889 as total population living in rental units in Manhattan(second link). Average of 2 people per household (third link) - You get to a similar number about 600,000 rental units
Warburg Realty estimates the total number of residential units available for rent in Manhattan as 610,000. ( first link)
Assuming an average of about 150 rental units per building you would be looking at about 4,000 rental buildings . Not sure about this number, kind of estimated it from some numbers in 4th link
Source (2)
Census Survey Indicates 1188889 as total population living in rental units in Manhattan(second link). Average of 2 people per household (third link) - You get to a similar number about 600,000 rental units
source(s):
http://www.warburgrealty.com/blog/?p=23
http://blueprod.ssd.census.gov/hhes/www/housing/nychvs/2002/s7bt84.html
http://query.nytimes.com/gst/fullpage.html?res=9D0CE5D7133FF937A25756C0A967...
http://www.nysun.com/real-estate/impossible-dream-of-rental-development/724...
http://www.warburgrealty.com/blog/?p=23
http://blueprod.ssd.census.gov/hhes/www/housing/nychvs/2002/s7bt84.html
http://query.nytimes.com/gst/fullpage.html?res=9D0CE5D7133FF937A25756C0A967...
http://www.nysun.com/real-estate/impossible-dream-of-rental-development/724...
As of 2006, there were 840,443 housing units with 23.5% home ownership rate (http://furmancenter.org/files/soc2007/Manhattan_000.pdf). This translates to roughly 200,000 owned units, and 640,500 units for rent. With a rental vacancy rate of 3.2%, that is 6320 units on the market at any given time. The report referenced breaks it down by bourogh also.
If your bored and want more stats, here's a bunch.
http://www.cbhk.com/market_data/marketDataDetail.asp?MDSID=1
Total number of units:
http://images1.e-net.com/cbhunt/MarketData/1.jpg
Median price to buy:
http://images1.e-net.com/cbhunt/MarketData/8.jpg
Units by neighborhood:
http://www.cbhk.com/market_data/marketDataDetail.asp?MDSID=44
http://images1.e-net.com/cbhunt/MarketData/44.jpg
http://www.prudentialelliman.com/NYCPhotos/retail_reports/manhattan_rental_overview2007.pdf
http://furmancenter.org/files/soc2007/Manhattan_000.pdf
Population - 1,611,581
Population Density (1,000 persons per square mile) - 70.3
Median Household Income - $60,017
Income Diversity Ratio - 8.5
Median Rent Burden (renter households) - 27.5
Rental Units that are Subsidized (percentage) (’05) - 15.4%
Rental Units that are Rent-Regulated (percentage) (’05) - 61.8%
Median Age of Housing Stock - 77
Acres of Open Space (per 1,000 residents) (’04) - 1.5
Housing Units(2006) - 840,443
Rental Vacancy Rate(2006) - 3.2%
If your bored and want more stats, here's a bunch.
http://www.cbhk.com/market_data/marketDataDetail.asp?MDSID=1
Total number of units:
Median price to buy:
Units by neighborhood:
http://www.cbhk.com/market_data/marketDataDetail.asp?MDSID=44
http://www.prudentialelliman.com/NYCPhotos/retail_reports/manhattan_rental_overview2007.pdf
http://furmancenter.org/files/soc2007/Manhattan_000.pdf
Population - 1,611,581
Population Density (1,000 persons per square mile) - 70.3
Median Household Income - $60,017
Income Diversity Ratio - 8.5
Median Rent Burden (renter households) - 27.5
Rental Units that are Subsidized (percentage) (’05) - 15.4%
Rental Units that are Rent-Regulated (percentage) (’05) - 61.8%
Median Age of Housing Stock - 77
Acres of Open Space (per 1,000 residents) (’04) - 1.5
Housing Units(2006) - 840,443
Rental Vacancy Rate(2006) - 3.2%
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