π’ NYC Rental Market Update – January 2025 π’
Rents are up across Manhattan, Brooklyn, and Queens as demand remains strong! π
π Manhattan: Avg. rent $5,608 (β¬οΈ 7% YoY)
π‘ Brooklyn: Avg. rent $4,852 (β¬οΈ 17% YoY)
π Queens: Avg. rent $3,425 (β¬οΈ 9% YoY)
π° Luxury Market Still Hot!
π₯ Manhattan: $17,244 (β¬οΈ 8%)
π₯ Brooklyn: $8,280 (β¬οΈ 2%)
π₯ Queens: $6,166 (β¬οΈ 0%)
π Key Trends:
βοΈ Studio and 1BR units are in high demand
βοΈ Inventory is growing, but prices remain strong
βοΈ Queens saw the biggest % increase in unit availability
Looking to rent in NYC? Stay ahead of the market—DM us for the latest listings! π‘π
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