π’ April 2025 NYC Rental Market Update! π’
Manhattan, Brooklyn, and Queens all experienced notable shifts in rental activity last month:
ποΈ Manhattan:
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Average listing price up 9% YoY at $6,110
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Luxury market ($10K+) inventory up 66%, prices up $867 YoY
π‘ Brooklyn:
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Average listing price rose 5% YoY to $4,719
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Total unit availability dropped 44% YoY
π Queens:
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Solid growth with avg. price up 7% YoY to $3,582
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One-bedroom listings surged 132% YoY, studio inventory doubled
The market is evolving—whether you’re planning to rent or invest, now’s a great time to reassess your options. DM me for tailored insights!
#NYCRentals #RentalMarketUpdate #RealEstateNews