It was embarrassing to say this was all I had made of myself. But now as she embarks on finding a new place, she knows it may be tough going because prices and demand are high. Certain pockets of the city, like Park Slope in Brooklyn, have always drawn hordes of Manhattan renters in search of more space at lower prices. Other areas have not seen any increase in demand or rent hike. But The News' survey found that rent increases are extending to neighborhoods beyond Manhattan.
Experts say that the rate of increase has accelerated since then.
The days of the South Bronx being cheap are over. The rise in rents has profound political implications in a city that has three renters for every person who owns a house or apartment. Since World War II, there have been two rental markets one regulated by the state and city and the other subject to market forces. The units most affected by the recent rent increases have been the 600,000 unregulated apartments, The News' survey found. These are mostly in buildings with five or fewer units, or are co-ops or condos rented out individually by their owners.