June 5, 2025
Matrix Multifamily Manhattan Report-May 2025
Manhattan Rents Accelerate
Manhattan closed the first quarter with accelerating growth for advertised asking rents, up 0.6 percent on a T3 basis through March, to $5,116, outpacing the 0.1 percent national figure. Meanwhile, occupancy grew to a whopping 98.1 percent in February.
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