By any measure, New York’s rental market is extremely active — and the city is on the move.

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.

Current rents are still higher in both boroughs when compared to a year ago.

New leases fell year-over-year, signaling that high prices may be leading many tenants to stay put.

Leasing activity slowed on both sides of the East River — typical for the season.

More units in Manhattan, and slightly lower prices in the outer boroughs, provide plentiful opportunities for renters.