Compared to national trends, the Queens multifamily market remained solid, according to the latest Queens multifamily market report. Average advertised asking rents in the borough increased 0.4%, on a trailing three-month basis, as of March. During the same time frame, the national average increased just 0.1%. Queens\u2019 occupancy rate in stabilized assets fell 40 basis points year-over-year, to 98.4%. The figure stayed well above the national average of 94.5%, which contracted by just 10 basis points, as\u00a0per the U.S. multifamily market report<\/strong><\/a>.<\/p>\n