MANHATTAN The rental market remains challenging for
consumers. Large gains in New York City
employment and a difficult mortgage lending
environment continued to place upward
pressure on the market. For the seventh
consecutive month, median rental price was
higher than the prior year period. Median rental
price was $3,262, 5.4% above the same period
last year…

BROOKLYN Rents fell short of prior year levels for the second
consecutive month after rising for a blistering
14-consecutive months. Median rental price
declined 3.8% to $2,743 from the same period
last year. In fact, median rents have been largely
stable in 2014 on a month over month basis,
hovering around $2,800…

QUEENS Rental price indicators for the northwest region
of Queens were mixed for September. Median
rental price fell 6.2% to $2,495 as compared
to the same period last year. Average rental
price increased 1.5% to $2,787 and average
rental price per square foot increased 4.4% to
$40.75 respectively over the same period…