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No. 18 Biggest Rent Hike: New York-Wayne-White Plains, N.Y.-N.J.
Annual increase: 6%
Average monthly rent: $2,645
Vacancy rate: 4.5% (5.2% in 2009)
Average concession: -1%
As the economy rebounded somewhat, the vacancy rate in the New York metro (which includes much more than New York City) tightened last year, falling below 5 percent. Rents in Manhattan made small gains each month and inventories showed minor changes, reported real estate agency the Real Estate Group NY. The average annual jobless rate stayed near 9.2 percent in 2010, show estimates based on BLS preliminary data.
Average monthly rent: $2,645
Vacancy rate: 4.5% (5.2% in 2009)
Average concession: -1%
As the economy rebounded somewhat, the vacancy rate in the New York metro (which includes much more than New York City) tightened last year, falling below 5 percent. Rents in Manhattan made small gains each month and inventories showed minor changes, reported real estate agency the Real Estate Group NY. The average annual jobless rate stayed near 9.2 percent in 2010, show estimates based on BLS preliminary data.
