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Article: More rent, more room for apartment dwellers; Average monthly bill climbs to $816 in Capital Region, but new development also increases square footage.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- June 9, 2006
CopyrightCOPYRIGHT 2006 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: KEVIN HARLIN Business writer {FACTBOX} Average rental rates Apartment rents are climbing in the Capital Region, though they're flat in much of the Northeast. Some new construction has pushed up average apartment sizes in the Capital Region to 930 square feet, from 915. Those slightly larger units account for some of the rent increases. Spring 2005 Fall 2005 Spring 2006 Capital Region $778 $800 $816 - Albany County $806 $832 $848 - Rensselaer County $792 $804 $809 - Saratoga County $756 $763 $793 - Schenectady County $691 $711 $720 Source: Sunrise Management & Consulting
Apartment rents climbed by about $16 in the Capital Region over the past six months, an ...