- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

February 2014 Manhattan and Brooklyn Rental Report Released

Rental_0214 [1]

Douglas Elliman [2] published the Manhattan/Brooklyn rental report [3] that I author. 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 For the sixth consecutive month, the year-over-year median rental price fell below the prior year level. Median rental price declined 2.8% to $3,100 from the same month last year. As a result, rental prices have generally remained flat on a monthly basis since last summer. The other price indicators also showed similar declines. Average rental price slipped 0.6% to $3,932 and average rental price per square foot fell 3.7% to $49.70 respectively from the same period last year…

BROOKLYN All rental price indicators continued to post year-over-year gains. Median rental price rose 11.6% to $2,890 from the same period a year ago, marking the ninth consecutive monthly gain. These results outpaced the luxury market, whose median rental price increased 4.5% over the same period. Average rental price expanded 2.6% to $3,178 and average rental price per square foot increased 3% to $38.12 over the same period…




The Elliman Report: 2-2014 Manhattan/Brooklyn Rentals [Miller Samuel [6]]
The Elliman Report: 2-2014 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]]