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Reports And Guides

May - 2018 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Manhattan's rental market saw net effective median rent rising year-over-year after five months of declines, skewed higher by larger sized rentals. 
 
In Brooklyn, overall face rents expanded as the mix shifted to larger apartments. Landlord concessions were more than twice the year-ago level.
 
The northwest region of Queens experienced the sixth consecutive monthly year over year decline in net effective median rent - median rent plus free rent and broker commissions. The market share of landlord concessions continued to rise on a year over year basis.

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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