Matrix Multifamily Queens Report-January 2022

Queens Recovery Slow to End 2021

The borough’s rent growth ended the year on a brighter note than it started, with growth at 1.0% on a trailing three-month basis as of November. Despite lulls in both construction and sales, the average occupancy rate in stabilized assets stood at 98.0%, up 30 basis points since January 2021.

Sign up to download.