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Elliman Report: Manhattan, Brooklyn & Queens Rentals 11-2021
MANHATTAN Rental prices continued to surge overall but remained polarized by price. The net effective median rent of an apartment in a doorman building, the face rent less landlord concessions, accounting for 50.9% of rentals in November and skewed to the higher end, was $4,108, up a record 27.2% year over year…
BROOKLYN For the overall rental market, net effective median rent, the face rent less landlord concessions, rose year over year by 4.5% to $2,737 for the first gain since June 2020 but remained 4.1% below the same period two years ago before the pandemic. The market…
NW QUEENS Net effective median rent, the face rent less landlord concessions, rose year over year by 10.1% to $2,504 for the fourth increase in five months but was 13% below the same period two years ago before the pandemic. The…
