MANHATTAN For the third
consecutive month, median rental price
increased above the prior year level.
Median rental price was $3,300, 3.1%
above the same period last year and the
highest level reached since early 2009.
After weakening in the second half of 2013
from intensive competition from the sales
market, median rental prices have generally
trended higher since the beginning of the
year. The remaining rental price indicators
were mixed. Average rental price slipped
1.2% to $3,902 and average rental price
per square foot increased 7.1% respectively
from the same month last year…

BROOKLYN Median rental price increased 8.6% to
$2,800 from the same month last year,
yet remained essentially unchanged from
the prior month. Since the beginning of
the year, median rental price has showed
some stability on a month-over-month
basis…