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Elliman Report: Manhattan, Brooklyn & Queens Rentals 4-2015

MANHATTAN For the fourteenth consecutive month, median Manhattan rental price moved higher than the same period last year. Price gains were observed in all size categories with the largest increases found in the entry and mid tier segments of the market. Median rental price increased 3.5% to $3,361 as compared to April 2014…

BROOKLYN After slipping over the past two months, the median rent for Brooklyn increased 5.6% above the prior year level to a record $2,961, the highest point tracked in this report series beginning in 2008…

QUEENS Despite the 5% decline in median rent for the overall Northwest Queens market, all size categories showed year-over-year increases. A 14.5% surge in market share of 1-bedroom rentals during the month skewed the overall price indicators lower…

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