January 21, 2026
Matrix Multifamily Manhattan Report-January 2026
Manhattan’s solid year
Advertised asking rents in New York City remained on top, up 5.7 percent YoY through November, ahead of all major metros, while Manhattan’s T3 rates took a sudden 50 bp downshift, to an average of $5,607. Supply growth slowed slightly but was within historic margins, as developers added 2,678 units through November with another 13,234 units underway.
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