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Apartment vacancy in Queens declines as construction slowdown clouds future supply

Stabilized vacancy fell to a record-low 1.30%, well below the metro area's average
Only about 2 out of every 100 apartment units in Queens are vacant. (CoStar)
Only about 2 out of every 100 apartment units in Queens are vacant. (CoStar)
CoStar Analytics
August 6, 2026 | 9:29 P.M.

Queens' apartment market is tightening even as the borough's development pipeline continues to shrink.

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