UES Posts Highest Rental Vacancy Rate

The Upper East Side, 'once the location of choice for many newly minted New Yorkers, now has the highest vacancy rate for rentals of any area in the city,' according to an article in the NY Sun today.  The article goes on to say the that a June rental market report, lists the UES' vacancy rate at a whopping 1.45%, compared to 1.31% for the financial district and 1.21% for Manhattan overall. Full article here.