Drops in NYC Rents
StreetEasy Zillow data shows Manhattan area rents dropping by as high as 22.9% for downtown apartments compared to 1Q2020
_______________________ Med Rent____% Change
All Downtown___________$3,000______-22.90%
All Midtown____________$2,895______-19.60%
All Upper East Side______$2,400______-22.60%
All Upper Manhattan____$2,150______-10.20%
All Upper West Side_____$2,717______-22.40%
All Upper West Side $2,717 -22.40% Rents in Queens (down 13%) and Brooklyn (down 8%) dropping as seen in the attached graph.
Rents from (my hometown) The Bronx only down 2%.
Paul Mangione
Fort Schuyler Advisors
#newyork #nyc #nycrealestate #bronx #brooklyn #queens #manhattan #statenisland #realestatefinance #realestateinvestment #realestatedevelopment #realestateinvestor #realestateinvesting #realestatebroker #realestateagents #nycrealestateagent #nycrealtor #streeteasy #zillow #business #innovation
