Queens experiencing mixed growth, from rentals to condo sales

  • Prices have remained the same in all neighborhoods with the exception of Long Island City, which decreased by 3.5 percent, according to the Orange Report.
  • Queens rental prices fell slightly in the fourth quarter of 2015 and are expected to level out in 2016 due to an increase inventory.
  • Condo inventory is on the rise in Queens and so is demand, especially in the luxury condo space.
  • Astoria is experiencing rental price increases far above other locations in the borough.

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Depending on Location, Queens is experiencing mixed real estate price growth from rentals to condo sales, according to Modern Spaces’s Orange Report, a quarterly market report on New York City real estate.