MANHATTAN Manhattan rental price indicators moved higher
as record employment growth along with tight
credit conditions kept the pressure on. Median
rental price jumped 7.1% to $3,400 from the
same period last year to the third highest median
rental price on record. This metric has increased
for 18 consecutive months. Average rental price
increased 2.8% to $4,058 and average rental
price per square foot increased 1.6% to $54.12
respectively over the same period…

BROOKLYN After reaching a record in the prior two
months, the Brooklyn median rental price set
a new record this month. Median rental price
increased 10.8% to $3,112 from the prior year
period and exceeded the $3,000 threshold
for the first time. Rental price indicators rose
across all apartment sizes, also a continuing
trend. Average rental price increased 7.8%
and average rental price per square foot rose
11.6% respectively over the same period…

QUEENS The northwest region of Queens has seen price
volatility in recent months, largely influenced
by the mix and timing of new rental product
introduced to the market. Overall rental
price indicators remained mixed this month,
suggesting overall price stability. Median rental
price slipped to $2,750 from the same period
last year…