Roommates are making a comeback in New York
“I had a listing on the Upper East Side – a $ 1,800 studio in a concierge that would normally be very sought after, but this year was really hard to fill,” said Ms. Hale. “The apartments that are currently being rented are one bedroom for couples or two bedrooms for roommates.”
While rental rates have fallen across all categories, studios have seen some of the biggest declines. According to a market report by Douglas Elliman, the average price for a studio in Manhattan fell 13.8 percent to 2,456 US dollars in September 2020 compared with the same month last year. The two bedrooms in Manhattan were down 4.2 percent year-over-year, with an average rent of $ 4,817.
The desire for roommate camaraderie is so great that Melinda Sicari, a Douglas Elliman-affiliated real estate agent, has seen not only many people move from studios to two-bedroom stocks, but also high demand for five- and six-bedroom apartments Bedrooms at pencil prices per room at roughly the same as smaller, traditionally more popular stocks.
“I was surprised by the traffic in larger apartments,” she said. “Being alone for months and not going to an office, people got really lonely.”
That summer, Chris Hattar and five roommates moved to a six-bedroom financial district, one of Ms. Sicari’s offerings.
Prior to the pandemic, Hattar, 24, lived with two identical roommates in a two-bedroom Murray Hill Flex bedroom, with a third bedroom made up of a partial wall in the living room. Three other friends from Williams College lived in a similar setting upstairs. The friends from the two apartments often used to socialize on weekends, but after the coronavirus, no half-sized living room was an ideal place to socialize or work.