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Elliman Report: Manhattan, Brooklyn & Queens Rentals 10-2023

MANHATTAN  As suggested in prior report releases, market-wide rents peaked at record levels in July and August. Median rental price has not increased month over month for the third time, unable to return to the highs…

BROOKLYN  Median rental price slipped 0.2% annually to $3,490, up 16.5% from pre-pandemic levels but was 5.7% below the prior month. Net effective median rent was $3,456, unchanged from the previous year but…

NW QUEENS  Median rental price increased 3.4% annually to $3,198, up 8.6% from pre-pandemic levels but was 9.4% below the prior month. Net effective median rent was $3,178, up 3.6% annually but down…

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