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August - 2019 Manhattan, Brooklyn and Queens Rentals

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Report Summary

In Manhattan, all three price trend indicators rose above the year ago result for the third straight month as concessions continued to slip. Year over year median rent growth was flat above $10,000 and declined above $15,000.

Brooklyn


price trends continued to set new records and each month in 2019 saw a
year over year over drop in concession market share. New development concession market share remained double that of existing rentals. Studio median sales price


 reached a new record.

In the


Northwest Queens market, price trends continued to weaken despite the sliding market share of landlord concessions. Specifically, median rental price for 1-bedroom and 2-bedrooms declined.


market, price trends continued to weaken despite the sliding market share of landlord concessions. Specifically, median rental price for 1-bedroom and 2-bedrooms declined.

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