Property Management News
Manhattan and Brooklyn rents have reached new highs as the cost of living continues to rise across New York City. A report from the Corcoran Group found that the median rent for market-rate residential buildings in Manhattan reached $5,295 per month at the start of summer, up 3 percent since May and 8 percent year over year. Across the East River, Brooklyn’s median rent for market-rate units reached $4,350 last month, an 8 percent annual increase. The continued surge reflects the city’s limited housing inventory, with Manhattan’s already-tight vacancy rate falling from 1.57 percent in May to 1.49 percent in June. “Manhattan renters are chasing a shrinking pool of available... Read more
Mayor Zohran Mamdani released the highly anticipated findings from his administration’s “Rental Ripoff” hearings on Thursday and laid out a list of ways that the...
In Nashville, Tenn., the landlords come to you. At least, it looked that way from the texts showing up on Mason Comans’ phone a few months ago when he was...
The first full day at the National Apartment Association’s 2026 Apartmentalize conference highlighted a familiar tension for owners and operators. Demand is still...
In a reversal of migration trends over the past 25 years, Americans are beginning to move away from areas where the high risk of extreme weather events is pushing up...
Occupancy and rent change are improving a bit in the most upscale communities, where a big wave of new supply had held back earlier results. At the same time, however, performance fundamentals are deteriorating across the lowest-priced housing stock that is generally referred to as Class C inventory. Affordability struggles for households with limited incomes are putting downward pressure on rents in the country’s bottom-tier properties. That said, the market influence that’s now really moving the needle on revenues in these communities isn’t financial health of the resident base. Instead, it’s immigration policy. Newcomers to the United States are a key component of demand for... Read more
New York City Mayor Zohran Mamdani barreled into City Hall vowing to tackle the city’s notoriously high cost of living, partly by fulfilling a campaign promise...
More tenants living in New York City’s least expensive housing units aren’t paying their rent — a trend that risks further destabilizing the city’s...
Key Takeaways In expensive coastal metros, ownership is out of reach for the majority of families with young children, making renting the default for most...
Using Zillow Observed Rent Index data, this analysis compares average rent levels in the New York City metro area with the US average, tracking the percentage premium...
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