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Elliman Report: Manhattan, Brooklyn & Queens Rentals 8-2022
MANHATTANÂ For the first time in seven months, median rent and net effective rent failed to reach a new record as the vacancy rate continued to edge higher, suggesting that the market was beginning to plateau. The net effective median rent, face rent…
BROOKLYNÂ The rental market continues to press higher, setting new records. The net effective median rent, face rent minus landlord concessions, jumped 27.3% yearly to $3,464, the highest on record. The metric was 18.7% above prepandemic levels…
NW QUEENSÂ The net effective median rent, face rent minus landlord concessions, jumped 18.3% yearly to $3,042, the third highest on record. The metric was 6.1% above pre-pandemic levels. The average net effective rent rose 18.4% to $3,343…
