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Elliman Report: Manhattan, Brooklyn & Queens Rentals 3-2023

MANHATTAN  As the market moves into the spring season, rents are beginning to reach new highs as lease signings and listing inventory expand. Net effective median rent, including landlord concessions, jumped 13.2% annually to…

BROOKLYN  Net effective median rent, including landlord concessions, surged 17.1% year over year to $3,459, the second-highest on record. The median rent rose 16.4% to $3,493 over the same period, setting a new…

NW QUEENS  Net effective median rent, including landlord concessions, surged 15.5% year over year to $3,265, the second-highest on record. The median rent rose 13.9% to $3,300 over the same period, reaching a new high for the month of…

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