MANHATTAN Manhattan
median rental price moved 1.1% higher
to $3,042 from the same month last year.
Average rental price also posted a modest
gain, rising 1.7% to $3,822 over the same
period. Average rental price per square foot
was unchanged at $50.73. Only 3.1% of
rental transactions during the month had
some form of landlord concessions. When
a concession was provided, it was the
equivalent of 1-month free rent, up from 0.8
months free rent in the prior year period…

BROOKLYN Median rental price increased
5.1% to $2,675 from the same period
last year. Average rental price expanded
8.2% to $3,035 and average price per
square foot increased by 6.4% to $37.66
from the prior year period…