Leasing velocity slowed in Manhattan and Brooklyn during August, and rents in both boroughs are still down slightly when compared to last year.
New York City’s rental market got a new lease on life in April: Against 2020, lease signings surged 383 percent in Manhattan and 228 percent in Brooklyn.
The Manhattan rental market surged during March: Rents were down across the borough, and contract signings jumped by an average of 220% over 2021.
February was an excellent time to be an apartment-hunter in Manhattan and Brooklyn: Rents dipped across both boroughs, but inventory dropped, too.
Optimism generated by the long-awaited arrival of COVID-19 vaccines may be having a positive effect on the rental market in Manhattan and Brooklyn.
December was a good time to be an apartment-hunter in Manhattan and Brooklyn: Rents dipped, inventory was robust, and incentives were plentiful.
For apartment hunters in Manhattan and Brooklyn, rents continued to fall during November, and move-in incentives became even more generous.
As rents declined and inventory continued to rise across Manhattan and Brooklyn, the market countered with more aggressive move-in incentives.