06/13/2023
NYC Rental Market Report: May 2023
Rents in both Manhattan and Brooklyn reached all-time highs during May. Leasing activity also rose, which is typical as we begin the traditionally-busy summer season. In the borough of Manhattan especially, this increase in signed leases was focused on ‘doorman’ buildings, which illustrates tenants are seeking and willing to pay for luxury products.
For a multitude of lifestyle-driven or financial reasons, the city is on the move.