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Reports And Guides

August - 2017 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Manhattan had the most number of new leases signed in over nine years. “Non-doorman” median rent continued to show more strength than “doorman” buildings, consistent with the "softer at the top" conditions in the market. 
 
In Brooklyn, listing inventory expanded year over year for 24 consecutive months.  Net effective rent slipped for the fourth consecutive month.
 
In northwest Queens, inventory increased year over year for the 22nd time in 24 months.  Landlord concessions reached their second highest level this year.

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2017 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. CalBRE# 01947727