The rent is...


A few average rents by type of apartment.

The average asked rent for apartments in the Capital Region in fall 2012 was $1,248 ($0.93 per square foot) -- up more than 6.5 percent compared to same period a year before, according to the Albany-based Sunrise Management & Consulting. The average rent was up more than 10 percent compared to two years ago.

Here's the methodology. It's important to note these are asked rents, and don't take into account discounts. Also, the firm notes that the survey includes mostly large complexes (50 or more units).

[via Biz Review]

data source: Sunrise Management & Consulting Fall 2012 Multifamily Rental Market Report

Comments

Significantly higher than inflation. Should we call it "Habitation without Representation"?

The numbers look quite inflated. The worst thing? Landlords will now use them to raise rent. Why oh why you posted those....
Please tell me that utilities are included.

These numbers are only accurate for large complexes. What about the rest of the apartments in the capital region?

anyone who is renting a 3 bedroom apartment for $1300 a month should just buy a house. if you can pay that in rent, you should talk to a lender and see what your options are.

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

Along the cheese trail

Three things: 1. There is something called the Vermont Cheese Trail. 2. It is not mythical. 3. This is a Wall Street Journal article about... (more)

Exit from Flavortown

Sarah Fish -- chef/owner of the upcoming Cafe Congress in Troy -- was on the Food Network show Guy's Grocery Games Sunday night. Spoiler: She... (more)

Meow

New York is more of a cat state than a dog state, according to estimates from the American Veterinary Medical Association -- there are 1.4... (more)

Greulich's Market checks out

Greulich's Market in Guilderland, in business since 1949, has closed, according to its Facebook page. The Gazette's Bethany Bump reports the situation around the closing... (more)

FameLab at EMPAC

Could be interesting: FameLab will be at EMPAC Tuesday evening. What's that? Let's go to the blurbage: Think American Idol...for scientists! FameLab is a panel-judged... (more)

Recent Comments

Indeed, I would go Mookie Wilson on that meal.

The week ahead

...has 3 comments, most recently from Dan Roesser

Reaction to the reaction

...has 1 comment, most recently from Jessica R W

Greulich's Market checks out

...has 1 comment, most recently from -R.

FameLab at EMPAC

...has 1 comment, most recently from J

Where to play pinball?

...has 20 comments, most recently from Pinballeric