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| 07/19/2024 In this issue of MarketRent™ powered by Clarendon, we spotlight Central Harlem. The traditional allure of prestigious Manhattan addresses is shifting towards walkability, with Central Harlem exemplifying this trend. This neighborhood offers a vibrant, pedestrian-friendly lifestyle, transforming with independent bookstores, cafes, and local shops. Unlike pricier areas like SoHo and Tribeca, Central Harlem provides this walkability at potentially lower rental premiums. This shift highlights the growing importance of walkable amenities in shaping rental prices, making Central Harlem a significant contender in New York City's evolving rental market. We also share a variety of data tools and visualizations to help you understand the connection between walkability rental prices and development in Central Harlem. |
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| RESEARCH A Walkable Lifestyle: Renting in Upper Manhattan’s Most Accessible Neighborhoods |
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| Central Harlem stands out as a notable example, offering a vibrant and walkable environment with amenities such as independent bookstores, cafes, and local shops. This revitalization appeals to residents seeking convenience and community over the higher rents of traditionally walkable areas like SoHo, Tribeca, and Brooklyn Heights. With its enhanced walkability, Central Harlem is becoming an attractive rental choice, reflecting a broader trend in the city towards valuing pedestrian-friendly neighborhoods. Read more and also explore recent development in the area. |
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| RESEARCH Explore Developments in Central Harlem, New York |
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| Harlem's resurgence as a vibrant, culturally rich neighborhood in Manhattan has attracted many residents and investors. Central Harlem, in particular, has seen significant growth in multifamily developments over the past five years. Known for landmarks like the Apollo Theater and the Studio Museum, the area now features modern buildings with amenities, drawing a diverse mix of residents. These developments have spurred economic growth, leading to new businesses and enhancing the neighborhood's appeal. Central Harlem's blend of cultural attractions, historic landmarks, and modern developments positions it for continued growth and investment. |
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| All content is provided herein “as is” and neither Clarendon Valuation Advisors, LLC (“the Company”) nor its affiliated or related entities, nor any person involved in the creation, production and distribution of the content make any warranties, express or implied. The Company does not make any representations regarding the reliability, usefulness, completeness, accuracy, currency nor represent that use of any information provided herein would not infringe on other third party rights. The Company shall not be liable for any direct, indirect or consequential damages to the reader or a third party arising from the use of the information contained herein . © Copyright MarketRent™ | Clarendon. All Rights Reserved. |
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