New York CIty Multifamily Vacancy & Rent Change 1Q 2007‐ 3Q 2009 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2 5% 2.0% 1.5% 1.0% 0.5% 0.0% 1Q 2007 2Q 20073Q 20074Q 20071Q 20082Q 20083Q 20084Q 20081Q 20092Q 20093Q 2009 Source: REIS
Vacancy Rate
Effective Rent % Change
Long!Island! Multifamily!Vacancy!&!Rent!Change! 1Q!2007" 3Q!2009! 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 1Q!2007!2Q!20073Q!20074Q!20071Q!20082Q!20083Q!20084Q!20081Q!20092Q!20093Q!2009
Source: REIS
Vacancy!Rate
Effective!Rent!%!Change