The big rental market data dump will come tomorrow, when a few brokerages release their quarterly market reports. But as an appetizer, here's some first quarter data from RentJuice. The data's all revealed in the colorful infographics, but here are the highlights: the Upper West Side and the East Village saw rent drops of seven and eight percent, respectively. Studios overall saw a rent decrease of 15 percent. Rents went up on the Lower East Side and Upper East Side (9 percent and 7 percent, respectively).
The increases from the fourth quarter of 2011 to the first quarter of 2012 were more substantial in Brooklyn. Brooklyn Heights rents went up 23 percent, Park Slope rents went up 18 percent, and Williamsburg rents went up 12 percent, for example.
· The RentJuice New York City 1st Quarter 2012 Rent Index [RentJuice]
· Rental Market Reports coverage [Curbed]