Historically speaking, August is the busiest month for NYC’s rental market, so it’s typical that rents and leasing activity climbed.
Tag: Brooklyn
Whether July’s Manhattan findings are a temporary blip—or the start of a longer-term trend—is the million-dollar question.
Rising prices impacted affordability for many potential New York City renters in June.
Record-high rents have done nothing to curb tight vacancy rates market-wide, keeping NYC’s rental market extremely competitive.
Quite simply, there is intense demand for housing in New York City—people want to be here.
Competition for apartments in doorman buildings and in prime locations can be intense, with units leasing sight-unseen or over-asking.
Four of the six Brooklyn areas analyzed set new single- or multi-family townhouse sales records.
Larger residences and apartments in doorman buildings remain the top performers.
The luxury rental segment continues to outperform. ‘Amenities’ and ‘space’ remain the buzzwords for many of today’s renters.