MANHATTAN For the third
consecutive month, the year-over-year
pace of median rental price growth
eased. Median rental price increased
0.8% from the prior year period to $3,150.
Year-over-year gains in this metric for the
prior three months were 10.2%, 1.6% and
1.4%. Compared to the same period last
year, average rental price was up 10% at
$3,973, while rental price per square foot
was down 4.5% to $49.88…

BROOKLYN Median rental price
increased 7.6% from the same month
last year to $2,637. This rate marked the
fourth highest level over the past 5 years;
the three highest levels were all recorded
in 2012. Compared to the same period
last year, average rental price edged
5.6% to $2,880, while average rental
price per square foot jumped 16.7% to
$36.01…