< All Market Reports

Elliman Report: Manhattan, Brooklyn & Queens Rentals 4-2021

MANHATTAN  Despite some evidence of diminishing rental price declines in recent months, larger declines prevailed despite the record surge in new lease signings. The net effective median rent, the face rent less landlord concessions, fell 21.2% year over year to $2,791, the second-largest decline since the financial crisis thirteen years ago. This metric also fell…

BROOKLYN  Since September, new lease signings have experienced significant annual gains while rental prices declined sharply. The number of new lease signings surged nearly fivefold above the same period a year ago to 2,175, the highest level tracked. The yearago month of April was the first full month of the pandemic lockdown, and new lease…

NW QUEENS  New lease signings have shown very choppy conditions since December, resulting in alternating months with large annual gains and losses. For April, the number of new lease signings surged nearly six-fold above over the same period a year ago to 570, the highest level tracked in more than nine years. The year-ago month of April was the…

Download Now

Get Weekly Insights and Research

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007