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Reports And Guides

June - 2019 Manhattan, Brooklyn and Queens Rentals

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Report Summary

In Manhattan, the landlord concession market share continued to decline but remained a significant part of the rental housing market calculus. The net effective median rent has risen annually each month since the beginning of the year. New development median rent increased at three times the rate of existing median rent.

In Brooklyn, the market continued to pivot away from concessions as rental prices extended their rise. All three face rent trend indicators have been rising annually since


July 2018.

In Northwest Queens, rental prices pressed higher as landlord concession market share declined. New development concessions have experienced a more pronounced decline than concessions for existing rentals.

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2019 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