Increased rental inventory in New York City helps soften prices

  • Rental inventory increased in Manhattan, Brooklyn and Queens.
  • Last month’s median rent reached $3,450 per month in Manhattan.
  • Median rent in Queens is now just $58 less than median rent in Brooklyn.

EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019

Rent prices across the Big Apple moved in different directions last month, according to the Douglas Elliman rental survey for July. However, rental inventory showed a consistent upward trend in Manhattan, Brooklyn and Queens.