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Old 08-15-2019, 09:22 AM
 
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So, nowadays obviously, there's no comparison. An 1 bdrm in Astoria, Brooklyn, Jersey City costs $2000. The same deal in the suburbs costs maybe $1200 for a similar spaced place.

So, I remember when I was paying $950 for a 1 bedroom in Downtown Jersey City/Grove Street, this was approximately 2001-2004. Market rate was probably a little closer to $1100.

At that point, you'd figure your apartment in Edison, Parsippany, Woodbridge was probably a little lower, but close to the same. Not as Manhattan of course, but your outer Jersey City, Queens, etc.

I assume at some point, that living in an apartment in the suburbs was MORE expensive and perhaps even more desirable than even living in certain parts of Manhattan? Can anybody shed some light on this? Just curious.
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Old 08-15-2019, 09:45 AM
 
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I moved to Manhattan in in my late twenties in 1998 after growing up in Phoenix. I lived in Manhattan from 1998 to 2015. Apartments in Manhattan were much more expensive than pretty much anywhere all that time. I can't say I knew the market in Harlem/Washington Heights or Inwood that well at the time. I did move to Washington Heights in 2006 and at that time it was a little cheaper than elsewhere in Manhattan, but it wasn't 'cheap' by any stretch of the imagination.

I don't think there was as much of a market for apartment living in the suburbs, that trend of development around transit hubs wasn't quite happening yet. Suburbs were for houses and apartments were for people that couldn't afford houses.
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Old 08-15-2019, 10:12 AM
 
Location: NJ
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Quote:
Originally Posted by jobaba View Post

So, I remember when I was paying $950 for a 1 bedroom in Downtown Jersey City/Grove Street, this was approximately 2001-2004. Market rate was probably a little closer to $1100.

.
Sounds about right. I lived in Edison from 2000 - 2004 and I was paying $850 for a 1BR garden style apartment. I then moved to Jersey City in late 2004. I was paying $1200 for a 1BR brownstone downtown near Hamilton Park. I assume the Jersey City apartment is at least double that price by now. The cost of the place in Edison probably has not risen nearly as much.
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Old 08-15-2019, 03:14 PM
 
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Quote:
Originally Posted by qrysdonnell View Post
I don't think there was as much of a market for apartment living in the suburbs, that trend of development around transit hubs wasn't quite happening yet. Suburbs were for houses and apartments were for people that couldn't afford houses.
Quote:
Originally Posted by ansky View Post
Sounds about right. I lived in Edison from 2000 - 2004 and I was paying $850 for a 1BR garden style apartment. I then moved to Jersey City in late 2004. I was paying $1200 for a 1BR brownstone downtown near Hamilton Park. I assume the Jersey City apartment is at least double that price by now. The cost of the place in Edison probably has not risen nearly as much.
I think I agree with both of you.
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Old 08-15-2019, 04:17 PM
 
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In the 1980s rent in NYC was the same and sometimes cheaper than the suburbs. Things really changed around '95 when the City was drastically cleaned up overnight by Giuliani
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