May 19, 2026
Matrix Multifamily Manhattan Report-May 2026
Manhattan rent gains top U.S.
Although fundamentals softened slightly, advertised asking rent growth picked back up after the winter season, rising 0.6% on a T3 basis through March to $5,479. YoY growth was 4.2%, topping nearly all major metros. Supply maintained momentum, with 16,559 units under construction, a large number via conversions.
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