“Elliman Report: Manhattan, Brooklyn & Queens Rentals”
We have just released the “Elliman Report: Manhattan, Brooklyn & Queens Rentals” for
March 2016, the leading resource on the state of the rental market. Our Brooklyn rental report coverage area was recently expanded to include the entire borough. As always, our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available.
Overall Manhattan rents softened for the first time in two years. Weaker conditions were seenacross apartment sizes as vacancy rates and landlord concessions were than higher than last year’s levels.
In contrast, Brooklyn rents moved higher this month after showing weakness in the fall. Like the other boroughs, luxury rents remained the weakest segment of the marketwhile rents for smaller apartments remained strong.
The Queens rental market continued to see new units enter the market, accounting for about a quarter of activity. Rental prices slipped with the weaker trends found in the luxury market.
At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions. Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to our clients. Explore our full market report series covering Manhattan, Brooklyn, Queens, Northwest Queens, Long Island, The Hamptons, North Fork, Westchester, Putnam & Dutchess Counties, Fairfield County, Greenwich, Miami, Boca Raton, Fort Lauderdale, Palm Beach, Los Angeles and Aspen at
http://www.elliman.com/marketreports.
Warmest regards,
Dottie Herman
President and CEO
Douglas Elliman
*Visit the new
http://www.elliman.com to search more than 200,000 listings, 65,000 rentals and access all of our current market reports.
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Feel free to contact me for any of your real estate needs.
Best,
Marlene Flores - 917-208-6709
Douglas Elliman Real Estate
marlene.flores@elliman.com
Topic: “Elliman Report: Manhattan, Brooklyn & Queens Rentals” (Read 1040 times)