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July - 2018 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Manhattan's overall and luxury rental price trend indicators continued to decline from year-ago levels. The market share of landlord concessions rose year over year for the thirty-eighth consecutive month.
 
In Brooklyn, the rise in overall price trends was due to an unusual increase in the average rental square footage.  Despite the increase in net effective rent, the market share of landlord concessions doubled from the prior year level.
 
The northwest region of Queens saw landlord concessions decline after sixteen consecutive months of year over year increases. Overall price trend indicators showed mixed results as did the breakouts by bedrooms

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2018 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. DRE # 01947727