MANHATTAN  After months of increases, consistent with seasonality, median rent unexpectedly declined month over month and year over year. Median rent fell 1.8% annually to $4,100, 14.2% above pre-pandemic levels. Average…

BROOKLYN  Median rent hasn’t declined since last October, rising nominally by 0.1% year over year to $3,495, 16.5% above pre-pandemic levels. Average rent slipped 0.8% over the same period to $3,814. New lease signings surged annually by…

NW QUEENS  Median rent declined by 3% yearly to $3,200, 11.1% above pre-pandemic levels. Average rent slipped 3% over the same period to $3,368. New lease signings surged annually by 41.6% to 704, the highest in history, as…