MANHATTAN For the sixth consecutive month, median
rental price exceeded the prior year level.
Tight mortgage lending conditions and rising
employment have kept the pressure on the
rental market. Median rental price in August
increased 0.8% to $3,175 from the same month
last year…

BROOKLYN For the first time in 14 months, the Brooklyn
median rental price declined from the prior
year period. Median rental price was $2,808,
1.5% below the August result in 2013. Since the
beginning of 2014, monthly median rental price
remained relatively stable despite the extended
period of year-over-year gains…

QUEENS Although the Queens median rental price slipped
1% to $2,788 from the same period last year, all
size categories posted year-over-year gains. The
overall price indicators were skewed lower by the
shift in the mix to smaller-sized apartments. The
market share of studio apartments expanded to
16.6% of all rentals, up from an unusual low of
7.6% in the same month last year…