MANHATTAN For the nineteenth consecutive month, median
rent increased from the same period a year
ago to the second highest level ever recorded
and the highest point in more than five years.
A robust city economy, record employment
gains and tight credit conditions helped spur
additional rental price growth. Median rental
price increased 5.4% to $3,437 from the
same period last year…
BROOKLYN Brooklyn rental price indicators continued to
move higher on a year-over-year basis. Median
rental price increased from the same period last
year but fell short of the records set in the prior
three months. Median rental price increased
7.7% to $2,953 from the same period a year ago.
Following the same pattern, average rental price
rose 7.4% to $3,275 and rental price per square
foot increased 17% to $43.61 respectively over
the same period…
QUEENS A surge in the overall price trend indicators
returned to the northwest region of Queens.
Price volatility caused by the varying mix of
new development introduced to the market
continued. Median rental price jumped 18.4%
to $2,954 from the same period a year ago.
Average rental price and rental price per square
foot followed the same pattern…