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Elliman Report: Manhattan, Brooklyn & Queens Rentals 5-2021

MANHATTAN The number of new lease signings continued to surge as price trends show signs of monthover-month stabilization, causing more renters to seek longer lease terms. There were 9,491 new leases signed during the month, quadrupling the year-ago total, and the highest amount tracked since at least…

BROOKLYN The number of new lease signings surged to new records in three of the past four months as rental price trends showed month over month stability and tenant lease terms expanded. There were 2,506 new leases signed during the month, nearly quadrupling the year-ago…

NW QUEENS Lease signings surged annually to the secondhighest recorded since 2011, while rental price trends showed stability since the beginning of the year with modest month-over-month increases and decreases each month as well as longer tenant terms. There were 510 new leases signed during the month, surging…

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