πŸ“’ NYC Rental Market Update – January 2025 πŸ“’

Rents are up across Manhattan, Brooklyn, and Queens as demand remains strong! πŸ“ˆ

πŸ™ Manhattan: Avg. rent $5,608 (⬆️ 7% YoY)
🏑 Brooklyn: Avg. rent $4,852 (⬆️ 17% YoY)
πŸŒ† Queens: Avg. rent $3,425 (⬆️ 9% YoY)

πŸ’° Luxury Market Still Hot!
πŸ”₯ Manhattan: $17,244 (⬆️ 8%)
πŸ”₯ Brooklyn: $8,280 (⬆️ 2%)
πŸ”₯ Queens: $6,166 (⬆️ 0%)

πŸ“Š Key Trends:
βœ”οΈ Studio and 1BR units are in high demand
βœ”οΈ Inventory is growing, but prices remain strong
βœ”οΈ Queens saw the biggest % increase in unit availability

Looking to rent in NYC? Stay ahead of the market—DM us for the latest listings! πŸ‘πŸ”‘

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