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Reports And Guides

May - 2016 Manhattan, Brooklyn and Queens Rentals

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Report Summary

After considering the greater use of concessions offered by landlords, Manhattan rent trends were
weaker this month, especially at the higher end of the market. The market was defined by more


inventory, additional vacancy, longer marketing times and more negotiability.


Overall Brooklyn rents increased for the fifth consecutive month and across all apartment sizes.


New development rents were the exception, falling short of levels seen in the market last year.


The market share of new development rentals in northwest


Queens was at its highest level in two and a half years. Skewed toward luxury, this trend pushed rents for all apartment sizes and the overall market higher.

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