June 5, 2025
Matrix Multifamily Queens Report-May 2025
Queens' Visible Strength
Advertised asking rents in the borough increased 0.4 percent on a T3 basis through March, while the national average inched up 0.1 percent. Queens’ occupancy rate was at a remarkable 98.4 percent as of February, well above the national average of 94.5 percent despite a strong pipeline with more than 12,000 units underway.
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