Tag: rent-growth

Northwest Queens sees significant rent and lease growth in January 2025: report

Feb. 14, 2025 By emarshall Feb. 14, 2025 By Ethan Marshall Northwest Queens, which includes the neighborhoods of Astoria, Long Island City, Sunnyside and Woodside, experienced year-over-year growth across all price trend indicators during the first month of 2025, according to a report by the real estate firm Douglas Elliman Real Estate. The median rent across… Read more »

Rental price growth in NYC slows for first time since pandemic: report

growth

Dec. 14, 2023 By Ethan Marshall The year-over-year rent growth for the month of November in New York City was 2.9%, marking the first time since the COVID-19 pandemic that it rose less than 3%, according to a new report. The real estate firm StreetEasy released the report that found the median rent fell from $3,600 in November 2022 to $3,500 last month. The slower rent growth is reflective of more homes being available for rent across the city, according to StreetEasy. Year-over-year, rentals on the market increased 8.6% in the city from 29,511 last year to 32,049 in November…
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