Historically speaking, August is the busiest month for NYC’s rental market, so it’s typical that rents and leasing activity climbed.
Tag: NYC
New York City
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.
Both markets experienced a historically high number of closings while pricing and sales volume soared to record high levels.
The Manhattan townhouse market bounced back in 2021 to reach the highest number of closings in six years.