📢 May 2025 NYC Rental Market Update! 📢
Rental trends across Manhattan, Brooklyn, and Queens show shifting dynamics and expanding opportunities:
🏙️ Manhattan
Average listing price rose to $5,869 (+1% YoY)
Studio-to-1BR units dominate market share (63%)
Luxury market ($10K+) stable in price, but inventory down 9% YoY
🏡 Brooklyn
Average listing price climbed to $4,534 (+2% YoY)
Total unit inventory jumped 42% YoY
One-bedroom and two-bedroom listings surged nearly 40–55% YoY
🌆 Queens
Strong value growth: avg. rent up to $4,081 (+5% YoY)
Studio and 1BR unit availability spiked—up 22–63% YoY
Luxury listings ($5K+) up 87% YoY despite slight price dip
📈 Whether you're an investor, renter, or landlord, now’s the time to strategize. DM me for hyperlocal insights tailored to your goals.
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