New York City Rental Report December 2024: Rents Accelerate Among Smaller Units, Pricier Boroughs

Highlights – Median asking rent for units of all sizes across New York City reached $3,382. This constitutes an increase of 5.6% year over year and 0.6% month over month. – Smaller rentals are the primary driver of this rent growth. 0-2 bedroom units are up 7.4% year over year while 3+ bedroom units are
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