New York’s multifamily market continues to perform well, with positive year-over-year rent growth in nearly every submarket in the metro area. Specifically, some of the strongest annual rent growth figures are seen in Manhattan nodes that already boast some of the highest market asking rents in the United States.
New York multifamily rent growth is highest in Manhattan
Select New Jersey nodes are also seeing annual growth
By Jared Koeck
CoStar Analytics
May 28, 2025 | 9:38 P.M.
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