The COVID-19 crisis stifled rental activity in Manhattan and Brooklyn during Q2, as vacancy rates reached the highest levels in at least 13 years.
New York City
In Manhattan and Brooklyn, rents fell across the board and vacancy levels hit a two-year high. As such, move-in incentives were more common in both boroughs.
In Manhattan, rents rose for studios and one- and two-bedroom homes but declined sharply for three-bedroom homes. In Brooklyn, rents rose slightly for one- and two-bedroom homes but dipped for studios and three-bedroom homes.
Apartments with private terraces or buildings with private lawns, there’s nothing quite like having a quiet space to soak up the sun, savor the view, or sink your toes into the grass.
Month over month and year over year, rents in Manhattan and Brooklyn increased across the board — and move-in incentives were less plentiful.
Month over month and year over year, rents in Manhattan and Brooklyn increased across the board — and move-in incentives were more plentiful.
Tag along with this Corcoran agent and three-time Emmy Award-winning journalist as she heads off on a bottom-to-top tour of the isle of Manhattan.