Investing and Global Finance News

Monthly Archives: March 2016

America’s High-End Zips are Mostly in New York

Times Square. One of the highest rental districts in the US. Photo by Francisco Diez from New Jersey, USA
Times Square. One of the highest rental districts in the US. Photo by Francisco Diez from New Jersey, USA

RentCafe, a website that helps people locate rental apartments, investigated which US zip codes have the most expensive rental rates in the country. Their survey picked only apartment buildings with at least 50 rental units in zip code areas with at least 200 such buildings.

The following information was gleaned from Yardi Matrix, a rental market data service. The data includes rents for all sized units from 2015.

In addition to being extremely expensive rentals, the areas are also highly competitive markets where finding a place, at any price, can be challenging. Looking at this list could help you cope better with the high rent you are paying, which by comparison, is probably not all that high.

The ten most expensive rental zip codes are as follows:
1.    Hell’s Kitchen, Midtown Manhattan West, Times Square and the Theater District: 10036. Median Rent- $4,720/month
2.    West Village, Manhattan: 10014. Median rent- $4,650
3.    Tribeca, Manhattan: 10282. Median rent- $4,615
4.    Gramercy and Flatiron, Manhattan: 10010. Median rent- $4,200
5.    Lenox Hill: 10065. Median rent- $4,200
6.    Belvedere Tiburon, California:94920. Median rent- $4,195
7.    Upper West Side, Manhattan: 10025. Median rent- $4,185
8.    Midtown West and Chelsea, Manhattan: 10001. Median rent- $4,150
9.    Union Square and Gramercy, Manhattan: 10003. Median rent- $4,095
10.    Lower East Side, Manhattan: 10002. Median rent- $4,032

Texas Has Highest Growth for Third Year

Business is booming in Texas, at least according to the annual Governor’s Cup list in Site Selection magazine. Texas outshone the other 49 states with 702 new and expanded business and industrial facilities. It was the third year in a row that Texas topped the list. Ohio placed second, with 517 new projects last year.… Continue Reading

Upcoming Conference for Estate Planners

If you are a new estate planner (or a seasoned one for that matter) then you should probably know about the National Association of Estate Planners & Councils (NAEPC). Their goal is to promote a multi-disciplinary approach to estate planning through the support of local estate planning councils. They have many materials that are helpful,… Continue Reading

The Slow Recovery Just Got a Boost

Since the beginning of what has come to be known as the “Great Recession” at the end of 2007, the US economy has been struggling. After the worst had finally passed, the economy started to grow again, and people started to get back to work. However, one piece of the puzzle has been elusive: the… Continue Reading