Thrive Real Estate Team at Compass
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NYC Rental Market Update – February 2025

  • March 10, 2025

📢 February 2025 NYC Rental Market Update! 📢

Manhattan, Brooklyn, and Queens all saw shifts in rental trends last month:

🏙️ Manhattan:

Average listing price up 2% YoY at $5,676

Luxury market ($10K+) grew 40% in inventory

🏡 Brooklyn:

Average listing price up 3% YoY at $4,373

Total units down -29% from last year

🌆 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

 
 
 
 
February 2025 Rental Market Report from COMPASS, alongside a modern kitchen with dark cabinetry and an arched window.
Manhattan rental market snapshot comparing February 2025 and February 2024 prices, unit counts, and year-over-year changes by apartment size.
 
Brooklyn rental market snapshot comparing February 2025 and February 2024 prices, unit counts, and year-over-year changes.
Queens rental market snapshot comparing February 2025 and February 2024 prices and listings by apartment size.
Compass rental market report contact details for Sales Manager Christopher Balazs.

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