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Reports And Guides

March - 2019 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Rental prices in Manhattan continued to press higher as concessions stabilized and vacancy slipped. Net effective median rent rose for the third consecutive month, and the vacancy rate fell year over year for the eleventh straight month.
Rental price trends in Brooklyn rose as new leasing activity surged. Net effective median rent rose year over year for the fourth straight month, and new leases surged year over year at the highest rate in fifteen months.

New leasing activity in Northwest Queens jumped across all apartment sizes as landlords pushed for higher rents at lease renewal. Net effective median rent expanded year over year for the fourth time in five months.

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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