NYC rental activity continued to surge during June — up 18 percent in Manhattan and 26 percent in Brooklyn — for a total of 11,539 lease signings.
Market Reports
Brooklyn’s second quarter saw the highest number of closed sales on record, as eager buyers continued to flock to the borough seeking space and value.
This quarter, closings and signed contracts soared, bringing inventory down from last quarter and helping to stabilize pricing.
New York City rental activity jumped again during May — up 6 percent in Manhattan and 14 percent in Brooklyn — for a total of 9,628 lease signings.
The NYC residential market enjoyed a record-setting month: Against 2020, contract signings surged 640 percent in Manhattan and 418 percent in Brooklyn.
New York City’s rental market got a new lease on life in April: Against 2020, lease signings surged 383 percent in Manhattan and 228 percent in Brooklyn.
The quest for privacy and outdoor space defined the townhouse market in Brooklyn during 2020. Single-family townhouse closings jumped 10 percent.
The East End powered into 2021 with a huge first quarter: Closed sales jumped a huge 89 percent in the Hamptons and 55 percent on the North Fork.
The Manhattan rental market surged during March: Rents were down across the borough, and contract signings jumped by an average of 220% over 2021.