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Reports And Guides

August - 2016 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Manhattan rents were flat as compared to last year as the supply of apartments increased.
Landlords relied more on concessions and seemed to be in sync with tenants on current market conditions.


Rents in Brooklyn slipped for the second month in a row. The use of concessions increased but marketing time stayed about the same. Luxury rents were softer than the overall market.


The northwest Queens rental market was the exception to region as rents moved above last
year’s levels. The influx of new development, accounting for a large share of the market, helped
push rents higher.

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