The analysis is not representative of the entire apartment market because it covers only apartments that have been rented through brokers.
Others have found the apartment market in New York surprisingly inviting.
Notice that they're not exiting the apartment market altogether.
But the sluggish apartment market, according to many building managers and board members, has put all house rules under increased scrutiny.
Last year, there was a dearth of new graduates in the apartment market because there were so few jobs to be had.
At the moment, he said, that valuation has been depressed by overall weakness in the apartment market.
Sponsors also have been hurt by the downturn in the apartment market, which has cut prices they can get on vacated units.
Many two-income couples are surprised when they find themselves priced out of the apartment market.
Another factor in the strength of the small apartment market is the supply of new apartments.
Only in recent months has the apartment market begun to regain its strength.