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Reports And Guides

October - 2017 Manhattan, Brooklyn and Queens Rentals

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Report Summary

Manhattan’s median rental price was unchanged; new development median rent increased for the first time in four months. The effectiveness of concessions has probably peaked as the vacancy rate rose for the third consecutive month.

In Brooklyn, the number of new leases rose for the seventh time in eight months while listing inventory fell at the highest rate in more than six years.

In northwest Queens, the net effective median rent slipped for the third consecutive month as the market share of concessions reached their highest level in nearly two years.

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