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[Narrowing the Gap] 7-2013 Manhattan/Brooklyn Rental Report

[1]

Douglas Elliman [2] just published their Manhattan/Brooklyn rental report [3]. This monthly report is part of an evolving market report series I’ve been writing for Douglas Elliman [4] since 1994. We discontinued the quarterly rental report series but still present the information in our aggregate database [5].

MANHATTAN

BROOKLYN
[North, Northwest Regions]

Here’s an excerpt from the report:

MANHATTAN Manhattan median rental price moved 1.1% higher to $3,042 from the same month last year. Average rental price also posted a modest gain, rising 1.7% to $3,822 over the same period. Average rental price per square foot was unchanged at $50.73. Only 3.1% of rental transactions during the month had some form of landlord concessions. When a concession was provided, it was the equivalent of 1-month free rent, up from 0.8 months free rent in the prior year period…

BROOKLYN Median rental price increased 5.1% to $2,675 from the same period last year. Average rental price expanded 8.2% to $3,035 and average price per square foot increased by 6.4% to $37.66 from the prior year period…




The Elliman Report: 7-2013 Manhattan/Brooklyn Rentals [Miller Samuel [6]]
The Elliman Report: 7-2013 Manhattan/Brooklyn Rentals [Douglas Elliman [3]]
Miller Samuel Aggregate Database [Miller Samuel [5]]
Chart Gallery (Brooklyn Monthly) [Miller Samuel [7]]
Chart Gallery (Manhattan Monthly) [Miller Samuel [8]]
Chart Gallery (Manhattan Quarterly) [Miller Samuel [9]]