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Elliman Report: Manhattan, Brooklyn & Queens Rentals 9-2020

MANHATTAN  There were 5,018 new leases signed this month, virtually unchanged from 5,019 in the same period last year. While new leases have been expanding, listing inventory has been rising too, but more slowly. This month, there were 15,923 listings, more than triple the year-ago total, reaching a fourteen-year…

BROOKLYN  After eleven straight months of year over year declines, the number of new leases increased by 9.9% to 1,421 from the same period last year. Along with the pattern of rising new lease signings, listing inventory roughly tripled year over year to 4,235, the third straight monthly record. Net effective…

NW QUEENS  New lease signings continued to decline as listing inventory continued to fall since the COVID lockdown ended in the spring, in contrast to competing rental markets in the other boroughs. The number of new leases fell by 36.7% year over year to 179, the fourteen straight month with a decline. After setting a record high of 648 back in…

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