New York CIty

Multifamily Vacancy & Rent Change 
1Q 2007‐ 3Q 2009                         
6.5%
6.0%
5.5%
5.0%
4.5%
4.0%
3.5%
3.0%
2.5%
2 5%
2.0%
1.5%
1.0%
0.5%
0.0%
1Q 2007 2Q 20073Q 20074Q 20071Q 20082Q 20083Q 20084Q 20081Q 20092Q 20093Q 2009

Vacancy Rate Effective Rent % Change
Source: REIS
 Long!Island!
Multifamily!Vacancy!&!Rent!Change!
1Q!2007" 3Q!2009!

6.0%
5.5%
5.0%
4.5%
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
1Q!2007!2Q!20073Q!20074Q!20071Q!20082Q!20083Q!20084Q!20081Q!20092Q!20093Q!2009

Vacancy!Rate Effective!Rent!%!Change
Source: REIS