The Real Deal New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

August 19, 2015 03:40PM
By Kyna Doles

Market Reports

(credit: Douglas Elliman and MNS)

The latest batch of reports found that Brooklyn rental prices hit a new high-water mark in July and rent in Astoria climbed more than 7 percent last month.


July 2015 Manhattan and Brooklyn residential rentals: Douglas Elliman

Median rental prices in Brooklyn set a new record high of $2,968 in July, while Manhattan prices were up 6 percent over the previous month, to $3,419. Read the full report here.

July 2015 Manhattan residential rentals: MNS

Average rent in Manhattan remained stable at $3,963 in July, a 0.5 percent decline from June. Read the full report here.

July 2015 Brooklyn residential rentals: MNS

Average rent for Williamsburg studios rose nearly 10 percent in July from the previous month. It’s the highest price increase in Brooklyn for the month across any category. Read the full report here.

July 2015 Queens residential rentals: MNS

One and two bedroom apartments in Astoria had rent increases of more than 7 percent in July, compared to the prior month. Read the full report here.

Manhattan luxury contracts August 3-9: Olshan Realty

Nineteen contracts were signed in the first full week of August for Manhattan apartments priced $4 million and above. Asking prices for the week totaled $137.5 million and averaged $7.2 million. Read the full report here.