Global Serviced Apartment Industry Report 2023 | Page 65

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USA / Canada
Rate Rate Rate Studio 1 bed 2 bed
New York ( USD ) Average nightly rate from ( USD ) 319
7 nights ( weekly rate ) 2,232 2,900 4,029
One month ( monthly rate ) 8,337 11,245 15,972
3 month + ( 3 month rate ) 21,643 30,735 43,176
Toronto ( CAD )
Average nightly rate from ( CAD ) 157
7 nights ( weekly rate )
1,096
1,382
1,990
One month ( monthly rate )
4,456
4,982
6,696
3 month + ( 3 month rate )
13,603
14,224
17,304
South America
Rate Rate Rate Studio 1 bed 2 bed
Buenos Aires ( USD ) Average nightly rate from ( USD ) 76 *
7 nights ( weekly rate ) 532 834 1,120
One month ( monthly rate ) 2,928 3,004 4,500
3 month + ( 3 month rate ) 6,773 8,104 11,021
Rio de Janeiro ( USD ) Average nightly rate from ( USD ) 110 *
7 nights ( weekly rate ) 770 1,076 2,058
One month ( monthly rate ) 3,150 4,760 6,562
3 month + ( 3 month rate ) 8,550 10,800 11,836
* typically transacted in USD