rents going up/down/stable?

[campas12]

so i went to view a bunch of apartments last night, and realized i'm really into larger bedrooms (1bdrm apts) and in/around soho. i'm not too bothered by lack of amenities, so long as it's an elevator building.

anyways, here's my scenario. technically i don't need a place until late august early september timeframe. found three that i really liked...they were all listed in my range, but on the higher side. two turned out to be out of the market as of this morning. the one remaining- askiing 24, would take 21....i'm only willing to pay 19k....and move in late august.

landlord said 20k and move in august 1st.

while i do like the apt (it was my second choice) i'm worried that

1. i'm jumping the gun
2. prices are dropping and i may get a better deal
3. although i've seen a LOT in one weekend, i may see better deals if i wait a few more weeks...
4. the flip side- if i wait, i won't see any apts similar (area and layout) and miss out on something that's 'do-able'.

so...what say the collective?

[jimmylamhk]

The rent depends very much on the location and the size of the apartment. Could you tell me about the location and the size of it???

[campas12]

The rent depends very much on the location and the size of the apartment. Could you tell me about the location and the size of it???

1. obviously rents depends on size/loc...i'm asking if rents in general on the island are going up/down left or right!
2. the places i've seen are elevator buildings in soho...2bdrooms converted to 1 bedroom places...about 550 REAL square feet.