"The Real Estate Group" is out with its March rental market report. The firm calls the LES the "clear choice" for bargain hunters looking for a doorman building. A one bedroom (with doorman) in the neighborhood averages $2547 compared with $3329 for all of Manhattan. On the other hand, non-doorman buildings in the LES average $2654 compared with $2624 for the city as a whole. An explanation from the report's introduction, "doorman units continue to fall in price while
offering aggressive concessions… Non-doorman units,
however, did not see the same price cuts and so their inventory levels
actually climbed by 10% this month – illustrating just how price
sensitive the current market is."  You can see the entire report here.

Posted by: Ed Litvak