Manhattan's Available Apartments Are Mostly 1BRs and 2BRs

One-bedroom apartments may be a scarce commodity down the line as developers hold back on constructing those units because of their relative unprofitability, but for now, they're pretty abundant. In a market with low inventory, that is, which is important to remember in order to keep things in perspective. The Marketing Directors combed through the active OLR listings (2,354, to be exact) for Manhattan in January in order to chart how many studios, 1BRs, 2BRs, and 3BRS were listed—and for what asking prices. Fifty-eight percent of the homes on the market were one- and two-bedrooms, and though that's a lot compared with the other types of units, their availability is lower the the 2013 closings. That means the trend towards larger units is there, just nascent, mostly because the premium on those units is so large that they command the highest price per square foot. Also, downtown Manhattan had the most active listings in January, with 912, followed by Midtown East, Midtown West, the Upper East Side, and the Upper West Side.
· Some Developers No Longer Building New 1BR Apartments [Curbed]
· Market Reports coverage [Curbed]