Although Manhattan fundamentals softened at the end of 2025, performance in the first quarter of 2026 points to another relatively solid year, as per the latest Manhattan multifamily market report. Advertised asking rents were up 0.6%, on a trailing three-month basis through March, to an average of $5,479, far outpacing the national average, as noted in the U.S. multifamily market report<\/strong><\/a>. Year-over-year, both Manhattan and NYC overall continued to lead the 30 markets tracked by Yardi Matrix, with rent growth of 4.5% and 4.2%, respectively. Following two years of solid supply expansion, the borough\u2019s average occupancy in stabilized assets clocked in at a solid 98.2% as of February.<\/p>\n