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Reports And Guides

December - 2019 Manhattan, Brooklyn and Queens Rentals

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Report Summary

In Manhattan, all price trend indicators rose as the market share of landlord concessions declined but remained elevated. The median net effective rate increased across all bedroom types. Super luxury rent representing the top 5% of the market, continued to show the highest median rent gain.
In Brooklyn, there were significant annual increases across all price trend indicators. The market saw the most significant year over year rise in median face rent in nearly six years, and there were increases in median face rental price across all apartment sizes.

In a reversal from last month in the Northwest Queens market, median rent gains were more significant in the entry-markets. This month saw the first year over year increase in landlord concession market share in five months.

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