NYC’s Record-Breaking Rents Squeeze Tenants Across Boroughs (2024)

Real Estate

Strong demand in Manhattan, Brooklyn and Queens is driving up costs with the busiest season yet to come.

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New York apartment hunters are facing higher rents than ever before and having a hard time finding bargains anywhere.

The median rents on new leases in Manhattan, Brooklyn and northwest Queens reached records in April as confident landlords pushed up prices and cut down on incentives, according to a report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.

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NYC’s Record-Breaking RentsSqueezeTenants Across Boroughs

NYC’s Record-Breaking Rents Squeeze Tenants Across Boroughs (2024)
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