Market Pulse Report: Manhattan, May 2023

ManhattanMARKET PULSE REPORT

Prepared on June 15, 2023

RentalsManhattanMay 2023

Average Listed Rent

YOY8.63%

May 2023

$6,272

May 2022

YOY$5,731

Median Listed Rent

YOY4.34%

May 2023

$4,704

May 2022

YOY$4,500

New Listings

YOY913

May 2023

6,134

May 2022

YOY5,221

Rental Inventory

YOY1,932

May 2023

10,683

May 2022

YOY8,751

Rent Drops

YOY138

May 2023

5,206

May 2022

YOY5,068

Taken Off Market

YOY92

May 2023

660

May 2022

YOY568

Rented Properties

YOY33

May 2023

4,168

May 2022

YOY4,201

Avg Rent PSF

YOY4.65%

May 2023

$86

May 2022

YOY$82

Dana Sapir

Compass [Global Headquarters]

Sapir Team

M: 347-631-7628 | O: 347-631-7628 | dana.sapir@compass.com

Disclaimer
The Market Pulse Report is based on data collected from landlords, real estate agents and brokers, developers and other public sources. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. Broker and On-Line Residential, Inc assumes no responsibility for inaccuracies in the information presented. ** View the methodology used to generate this report.