π’ February 2025 NYC Rental Market Update! π’
Manhattan, Brooklyn, and Queens all saw shifts in rental trends last month:
ποΈ Manhattan:
Average listing price up 2% YoY at $5,676
Luxury market ($10K+) grew 40% in inventory
π‘ Brooklyn:
Average listing price up 3% YoY at $4,373
Total units down -29% from last year
π Queens:
Strongest growth! Prices up 10% YoY at $3,537
Luxury market ($5K+) up 95% YoY
The market is shifting—whether you're renting or investing, now’s the time to strategize. DM me for insights! #NYCRentals #MarketUpdate #RealEstate