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Reports And Guides

July - 2016 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Manhattan rents moved a little higher, helped by an increased use of concessions by landlords. Smaller apartments continued to see the largest rent increases. For the first time this year, Brooklyn rents slipped despite gains in the luxury market. There were more concessions given this year as renters resisted price increases at time of lease renewal. Consistent with the region, the northwest Queens rental market weakened in July, more so with larger apartments. Marketing times were a bit faster while negotiability remained about the same as last year.

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