MANHATTAN The year-over-year
change in median rental price was up
0.2% to $3,200, a nominal gain. This
marked the first increase seen since last
August. Month-over-month median rental
price has largely moved “sideways” since
last summer. The remaining rental price
indicators also showed stability. Average
rental price increased 1% to $3,968 and
average rental price per square foot
edged up 0.8% to $51.30 from the same
month last year. A rise in median rental
price was seen in smaller apartments,
as studios and 1-bedrooms increased
2.5% and 1.6% respectively, while median
rent for 2-bedrooms and 3-bedrooms
decreased 2.1% and 4.7% respectively…

BROOKLYN Median rental price jumped
13.3% to $2,900 from the same month
last year. This marked the highest level
reached since January 2008 when this
metric was first recorded. This gain
marks the tenth consecutive month of
a year-over-year increase in median
rental price and the largest rise of
2014. Average rental price increased
9.5% to a record $3,254 over the same
period. Average rental price per square
foot increased 11.1% to $39.46 over
the same period…