Long Island is the 69th largest multifamily market with 54,981 completed units and 17,475 units in development, 2,510 of which have already broken ground, as of June 2022.
Long Island Housing Market – June 2022
New lease asking rents are at $2,654, up 9.0%▲
from the previous year placing Long Island at
105th overall in year-over-year rent growth.
Long Island Housing Market – May 2022
New lease asking rents are at $2,613, up 9%▲
from the previous year placing Long Island at
101st overall in year-over-year rent growth.
Long Island Housing Market – April 2022
New lease asking rents are at $2,593, up 8.5%▲
from the previous year placing Long Island at
106th overall in year-over-year rent growth.
Long Island Housing Market – March 2022
New lease asking rents are at $2,570, up 9%▲
from the previous year placing Long Island
at 97th overall in year-over-year rent growth.
Long Island Housing Market – February 2022
New lease asking rents are at $2,548, up 9.3%▲
from the previous year placing Long Island at
96th overall in year-over-year rent growth.
Long Island Housing Market – January 2022
New lease asking rents are at $2,535, up 9.5%▲
from the previous year placing Long Island at
90th overall in year-over-year rent growth.
Long Island Housing Market – December 2021
New lease asking rents are at $2,480, up 8.5%▲
from the previous year placing Long Island at
92nd overall in year-over-year rent growth.
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