Market Pulse Report: Manhattan, Q1 2024

ManhattanMARKET PULSE REPORT

Prepared on April 10, 2024

RentalsManhattan1st Quarter of 2024

Average Listed Rent

YOY1.42%

Q1 2024

$5,764

Q1 2023

YOY$5,682

Median Listed Rent

YOY1.33%

Q1 2024

$4,500

Q1 2023

YOY$4,440

New Listings

YOY430

Q1 2024

12,955

Q1 2023

YOY13,385

Rental Inventory

YOY96

Q1 2024

17,131

Q1 2023

YOY17,035

Rent Drops

YOY149

Q1 2024

19,786

Q1 2023

YOY19,935

Taken Off Market

YOY54

Q1 2024

2,036

Q1 2023

YOY1,982

Rented Properties

YOY1,269

Q1 2024

10,810

Q1 2023

YOY9,541

Avg Rent PSF

YOY3.61%

Q1 2024

$83

Q1 2023

YOY$80

Jun Xu

Nest Seekers International [Westside]

M: 646-535-8328 | O: 646-535-8328 | junx@nestseekers.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.