Signed leases took a dip as Manhattan rents matched an all-time high, and Brooklyn’s again grew over last year.
Market Reports
Manhattan rentals experienced a rebound as we entered 2024. Brooklyn was also on the move.
There is a growing sense of positive momentum and optimism about the East End market.
Looking ahead to 2024, prospective buyers in the Palm Beaches are in a favorable position.
Single-family home sales increased for the first time in two years.
Current rents are still higher in both boroughs when compared to a year ago.
This quarter’s results paint a cautiously optimistic backdrop heading into 2024.
Sales and inventory moderated minimally vs. 2022 and even improved for parts of the market.
New leases fell year-over-year, signaling that high prices may be leading many tenants to stay put.