Matrix Multifamily Queens Report-September 2022

Queens Rent Growth Cools Despite Strong Demand

Queens’ multifamily rent growth slowed to 0.2 percent on a T3 basis, reaching $2,820 in July, although occupancy climbed to 98.3 percent, hinting at strong levels of demand. Developers brought 2,204 units online, accounting for 2.1 percent of existing inventory.

Sign up to download.