MANHATTAN Manhattan rental price indicators continued to
press higher. An improving local economy and
tight mortgage lending conditions have helped
keep upward pressure on rents. The median
rental price increased 6.1% to $3,395 from the
same month last year, the second highest level
since January 2008 when the metric was first
recorded. Median rent increased year-overyear
for the thirteenth consecutive month…

BROOKLYN For the second consecutive month, Brooklyn
rental price indicators were mixed, after seeing
5 consecutive months of year-over-year gains.
The median rental price was $2,893, essentially
unchanged from the prior year period. Average
rental price was $3,231, showing a similar
pattern with a nominal change over the same

QUEENS March rental price indicators in northwest
Queens were mixed again. Median rental
price increased 3.7% to $2,952 from the same
period last year. Average rental price slipped
3% to $2,989 over the same period. Studio and
1-bedroom rental price indicators showed a
year-over-year increase in median rental price
of 14.5% and 8.1% respectively…