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That's one takeaway from a report that Citi Habitats released yesterday.
The East Village had a vacancy rate of 2.08 percent in August — the highest in Manhattan.
As DNAinfo's Lisha Arino reported:
“The reality is these prices are getting to the point where tenants are like, ‘You know what? It’s not worth it,’” said Gary Malin, the company’s president.
Although the East Village does not have the most expensive apartments in the city, tenants may feel they are paying too much and can find better value in other neighborhoods, Malin said.
According to the report, studio apartments rented for an average of $2,191 last month while one-bedroom units went for $2,613.
Find a PDF of the report here.