The Manhattan townhouse market bounced back in 2021 to reach the highest number of closings in six years.
The rental market across New York City continues its rebound: Compared with June, Manhattan and Brooklyn rents were up and inventory was down.
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.
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.