In Manhattan, the median rent experienced its first annual decline in three years.
Tag: NYC
New York City
Despite broader challenges, both markets have shown resilience.
Typical as the summer progresses, inventory levels ticked up in both Manhattan and Brooklyn.
Median rents continued their rise on both sides of the East River, reaching new all-time highs in both boroughs.
By any measure, New York’s rental market is extremely active — and the city is on the move.
The median rent in Manhattan continued to break records, reaching a new all-time high.
The number of signed leases climbed when compared to February.
Signed leases took a dip as Manhattan rents matched an all-time high, and Brooklyn’s again grew over last year.
Manhattan rentals experienced a rebound as we entered 2024. Brooklyn was also on the move.