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

[Rising But Easing] 11-2012 Manhattan/Brooklyn Rental Report


This report is part of an evolving market report series I’ve been writing for Douglas Elliman [2] since 1994.


[North, Northwest Regions]

Here’s an excerpt from the report:

MANHATTAN Median rental price remained essentially unchanged from the prior month and edged 1.4% higher than prior year levels to $3,195. This was the lowest year-overyear percent median rental price change since 0% in September 2011. Average rental price expanded 5.4% from the same period last year, while rental price per square foot fell 2.3%. Competition from the sales market, which has enjoyed a sustained period of record low mortgage rates, may have begun to temper the pace of rising rent levels…

BROOKLYN Median rental price increased 10.1% from the same period last year to $2,698, the highest November showing since the credit crunch began. Rental price per square foot and average rental price increased 10.3% and 11.2% respectively over the same period…

You can build your own custom data tables [3] on the Manhattan rental market using quarterly data – our new monthly format will be available online shortly and we will be phasing in monthly charts to our rental chart gallery [4] soon.

The Elliman Report: 11-2012 Manhattan Rentals [Miller Samuel [1]]
The Elliman Report: 11-2012 Manhattan Rentals [Douglas Elliman [5]]