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Rentals By The Numbers

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Housing inventory is tight all over the city, but the squeeze is especially noticeable in the rental market. Since the '60s, an average of 12,000 new rental units came to market every year, but from 2008 to 2012, only 15,723 new development rentals arrived. The numbers are beginning to rebound, but demand is so high that new buildings, like the 229-unit 50 North 5th Street, are seeing 1,000 person waiting lists before the buildings even start leasing. For more detailed numbers, head over to the Real Deal. [TRD; rental market reports]