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Elliman Report: Manhattan, Brooklyn & Queens Rentals 9-2021

MANHATTAN  Despite rising year over year for the twelfth straight month, the number of new leases signed during the month did not set a record. There were 5,241 new leases signed in September, 4.4% higher than the same period last year and the…

BROOKLYN  The number of new leases signed represented the highest tally for September since tracking began in 2008. There were 1,485 new leases signed, 4.5% higher than the same period last year and the lowest annual increase of the past year…

NW QUEENS  There were 384 new leases signed, 114.5% higher than the same last year but the lowest year-over-year increase since March. Net effective median rent rose by 7.2% to $2,618 year over year and by 1.8% month over month but was 6.1%…

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