MANHATTAN  In May, the market pattern of record rents, rising new leasing volume, and diminishing concessions continued. Median rent surged 25.2% annually rising to $4,000, reaching the threshold for the first time…

BROOKLYN  Net effective median rent, face rent less landlord concessions, surged 21.3%, the fastest annual increase observed to a record of $3,206. Net effective average rent rose 20.5% annually to a record $3,694…

NW QUEENS  Net effective median rent, face rent less landlord concessions, surged 25.8% year over year to $2,898, the second-highest level on record. Net effective average rent rose 26.7% annually to a near-record…