August 26, 2026
Matrix Multifamily Manhattan Report – August 2026
Manhattan’s solid first half
Manhattan’s overall average asking rent continued to lead the nation by far, at $5,651, up 1.5 percent on a T3 basis. The borough’s strong rent performance helped drive New York City as a whole, with citywide YoY improvement also topping the nation, at 5.6 percent. Meanwhile, limited deliveries kept the occupancy rate at 98.3 percent, down just 10 bps YoY.
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