Top 10 Most Expensive Rental Markets 2006

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ManhattanIf you are looking to rent instead of purchase as the real estate market goes through its correction in your region, it is a good idea to keep an eye on rental prices. New YorkCity has the highest apartment rental rate in the country, followed closely by San Francisco.

To make the situation even more rough when you look at New York City rents it includes all 5 boroughs (Manhattan, Queens, Brooklyn, Staten Island, and the Bronx). If you just look at Manhattan, rental rates are an amazing $48.33 per square foot.

Top 10 Most Expensive Rental Markets in 2006

  1. New York, N.Y. Class A* $27.84 Class B** $18.31
  2. San Francisco Class A $27.17  Class B $19.91
  3. Los Angeles   Class A $25.12 Class B $18.39
  4. Boston Class A $25.08 Class B $17.49
  5. Honolulu, Hawaii Class A $24.91 Class B $17.69
  6. Northern New Jersey   Class A $23.35 Class B $15.80
  7. Stamford – South Connecticut  Class A $23.22 Class B $14.30
  8. Nassau – Suffolk, N.Y. Class A $22.40 Class B $16.66
  9. Orange County, CA Class A $21.71 Class B $17.94
  10. San Jose, CA Class A $21.47 Class B $17.51

* Very high quality, desirable buildings that are beautifully maintained and managed, according to building cost data company Marshall & Swift. ** Not the best buildings, but functional and decently maintained and managed, according to building cost data company Marshall & Swift.

Via Forbes

Related posts:
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  2. Top 10 Highest Rental Markets in 2nd Quarter, 2008
  3. Private Wind Turbines Can Save Homeowners Money
  4. Top 10 Most Expensive Cities To Own a Luxury Home in 2009
  5. Warning: Craigslist Rental Scam

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  1. [...] Then, I came across this article on the “Top 10 Most Expensive Rental Markets 2006”. It was good to see that I pay less for the place where I live. I mean “WAY” less. [...]

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