{"id":8953,"date":"2025-02-10T08:22:00","date_gmt":"2025-02-10T08:22:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8953"},"modified":"2025-06-24T08:29:48","modified_gmt":"2025-06-24T08:29:48","slug":"queens-multifamily-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/queens-multifamily-market-report-january-2025\/","title":{"rendered":"Queens\u00a0Multifamily Market Report \u2013 January 2025"},"content":{"rendered":"\n

Read the latest Yardi Matrix Queens Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n

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Rent Growth Among Nation\u2019s Highest<\/h2>\n

The Queens multifamily market approached the end of 2024 with good momentum, according to the latest Queens multifamily market report. Average advertised asking rents were up 0.7% on a trailing three-month basis through November, to $3,130, 90 basis points higher than the U.S. figure. Year-over-year, rents were up 5.9%, which was one of the highest rates in the nation. The figure was above the 0.9% U.S. rate, as well as New York City\u2019s 5.0%, which in turn ranked first among Yardi Matrix\u2019s top 30 major metros, as per the national multifamily market report<\/strong><\/a>. This performance was mirrored in occupancy. Although the rate was down 20 basis points year-over-year, it remained at a whopping 98.8% in October.<\/p>\n