MANHATTAN Median rental price remained essentially
unchanged from the prior month and
edged 1.4% higher than prior year levels
to $3,195. This was the lowest year-overyear
percent median rental price change
since 0% in September 2011. Average
rental price expanded 5.4% from the same
period last year, while rental price per
square foot fell 2.3%. Competition from
the sales market, which has enjoyed a
sustained period of record low mortgage
rates, may have begun to temper the pace
of rising rent levels…
BROOKLYN Median rental price
increased 10.1% from the same period
last year to $2,698, the highest November
showing since the credit crunch began.
Rental price per square foot and average
rental price increased 10.3% and 11.2%
respectively over the same period…