But outside the rent-stabilized sector, rents continue to rise faster than incomes, which puts the squeeze on the city's residents.
Outside Manhattan, rent stabilization's ability to protect tenants from the vagaries of the market is also showing signs of weakening.
When he was arrested in 2011, outside his rent-controlled Santa Monica apartment at 81 years old, he was indicted on 19 killings.
If you're lucky you might even stumble on a street-puppet theatre that performs occasionally outside a rent-a-car shop on the corner of Western Avenue and Elmwood, where a crowd of in-the-know Angelinos and lucky out-of-towners sits on the pavement in the dark while a hidden puppet-master, mysteriously named Almighty Opp, burns cardboard effigies of celebrities.
In the 70s, at his peak, Saint Laurent lived a very exciting life, or at least it seemed this way from the outside: drugs, rent boys, etc. Do you think a contemporary designer in today's fashion landscape could ever get away with behaving like that?
Outside Manhattan Stabilized Rents Near Market Prices Outside Manhattan, rents were up significantly between 1999 and 2002 in some neighborhoods, including some middle-class communities.
But stabilized rents outside Manhattan are, on average, not far from market rents.
Since then, rents outside London have plunged, as closures swept Britain's high streets.
There has been a 4.6 per cent rise in two-bedroom property rents, outside of London, in the last year.
When computed across entire boroughs, market rate apartments with the same number of bedrooms had very similar rents outside Manhattan.
