August 21, 2024
Matrix Multifamily Manhattan Report-August 2024
Manhattan Maintains Rental Solidity
Advertised asking rents were up 4.8 percent YoY in Manhattan as of June, reaching $4,941 and outranking the rest of the nation. Investments increased slightly, reaching $621 million YTD through June, while the supply pipeline stayed solid, with 12,700 units under construction.
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