Queens Post
The average price paid to nab a studio in Queens in June was over $2,000 per month, with the average for a one bedroom hitting $2,500 for the first time on record, according to a new report by the real estate firm M.N.S.
The average price paid for a studio was $2,045, up 12 percent from June 2021, according to the report. The average for a one bedroom was $2,500, up 16 percent from a year earlier, and the average cost of a two bedroom was $3,322, representing a 23 percent jump year-over-year.
Rental prices increased across the borough, although they skyrocketed in Astoria, Long Island City, Forest Hills and Jamaica, the report revealed. The report did not provide a breakdown for Sunnyside or Woodside.
The average price paid to snag an apartment in Astoria last month was up 32 percent compared to June 2021. In Long Island City, the average rent was up 28 percent from 12 months prior, while in Jamaica and Forest Hills it was up 21 percent and 16 percent respectively.
In Astoria apartments of all sizes saw lofty increases — although it was most notable with the bigger units.
The average rent for a studio apartment in Astoria in June was $2,211. This figure was up 26 percent — from $1,760 — one year prior.
One-bedroom apartments in the neighborhood saw a 28 increase — with the June average being $2,553, up from $1,989 in June 2021.
The average rent to get into a two-bedroom apartment in Astoria was $3,249, up a whopping 41 percent from 12 months prior. The average two-bedroom went for $2,307 in June 2021.
The red-hot Long Island City rental market shows no signs of cooling down.
The average price paid for a studio apartment in Long Island City in June 2022 was $3,144, up 24 percent from a year ago; a one-bedroom fetched $3,970, up 31 percent from 12 months earlier; while a two-bedroom went for $5,463, up 28 percent.
37 comments:
It's so freaking sad. The government allowed this happen though. Overcrowding plus investors equals high rents and housing prices. Control the illegal immigration problem, get the investors out of the housing market and then maybe you can actually get to be affordable.
Insane
Biden's INFLATION HITS 9.1% !
Good Job Wonderful Democrats...
A YEAR OF DEMOCRATS' INFLATION FICTION
One year ago, Democrats/RINOS passed a partisan “COVID-19 relief” law, injecting $2 trillion of federal stimulus into the economy as it was already recovering.
Since then, Americans have seen inflation soar, including higher prices for household essentials like groceries and gas. In February, prices were up 7.9% from a year ago.
Democrats have spent the last year telling Americans one fiction after another about the inflationary effects of their reckless spending agenda.
https://www.rpc.senate.gov/policy-papers/a-year-of-democrats-inflation-fiction
And another plane full of illegals just landed! Joey "Open Borders" Biden is behind much of this. Though it's decades of open borders that have created the problem. There are TOO MANY PEOPLE in America. Oh, but it's going to get much, much, MUCH worse in the years ahead.
Unique as Breakfast Tacos said...
"We must use every tool to lower costs for working families" Elizabeth Warren
Yeah, let's tax corporations, that will lower the cost of goods.
Hay DemoRats, try restarting our energy independence, stop wasteful government spending, close the border, stop funding illegals, stop the nonsense and resign!
Vote Blue No Matter Who !
As we have found out… calling such people stupid is an insult to stupid people.
Is this part of the New Green Deal ?
When they said "we're going green", they actually meant Soylent Green. We should have read the fine print.
Let's Go Brandon Voters! I hope you guys are very happy what Joe Biden did to this country.
Where I live in Queens I don't see homeless people that often and I'm out pretty often but in the last few months I've started seeing more and more people begging on the streets.
Clueless White House Press Secretary: We feel that Uhmm we're in a good position economically uhmmm...
Mexican restaurants are now serving the "Jill Biden". It's 2 tacos with a vegetable on the side.
Maybe a first step to help the sheeple could be Crazy Nancy throwing an ice cream social. She’ll just have to keep her husband out of the liquor cabinet.
Surprised the sheeple haven't blamed Trump yet.
These Democrats in NY no longer reside in reality ! Something needs to be done, and I`m not trying to be funny. Our country is in big, big trouble. We had better not look to the ones that got us into this mess,to get us out of it. It`s time to vote the rascals out of office "All of Them",the corrupt money grubbing herd of swine they all are.
US Inflation Soars to 9.1%... BIDENOMICS!
In california they are offering 1050 $ checks for "inflation relief" . So getting relief from inflation is causing MORE inflation. Genius.
Nothing will be done by the government or local politicians to bring down so called "affordable housing"rents,because politicians themselves are private landlords, and most certainly wont legislate to hurt their own business interests. Just google and see how many rentals ex mayor deblasio had while he was in office.
Isn't capitalism wonderful.
And don't forget to use the poor door!
@Isn't capitalism wonderful.
Still working on your GED?
@“ Surprised the sheeple haven't blamed Trump yet.”
Ask him how much rent he’s charging?
@“ Let's Go Brandon Voters! I hope you guys are very happy what Joe Biden did to this country.”
Yes. My life has improved immensely. And you’re still stuck in a loony bin, he/she/it “everyone’s a TA commie” goon.
Life is wonderful.
The horror!
@Isn't capitalism wonderful.
I may be an Capitalist, but at least I’m not a TA Commie baby killing pagan.
"Isn't capitalism wonderful."
America hasn't had capitalism for about 100 years now.
"Biden won’t fight inflation because he doesn’t want to anger unions and greenies"
And the middle class families and small businesses will continue to pay the price.
Let's Go Brandon !
https://nypost.com/2022/07/13/biden-wont-fight-inflation-to-not-anger-unions-and-greenies/
A lot of commies here have issues with the free market economy.
If you don't like it, get a better job or move to Alabama.
The Great Reset !
Fox News Lover Said...
Is Fox News controlled opposition ?
Allow developers to build and take away all the crazy regulations. Forget about NIMBY and embrace YIMBY
@If you don't like it, get a better job or move to Alabama.
Or join TA commie and his crew.
The economy is falling faster than a mail order president on a bicycle.
"You will own nothing and be happy". I hope it doesn't take much longer for Sheeple to start paying attention to what is really going on.
Nice CCP building, built for Covid enforcement.
The $2000 is with good CCP social credit score?
For the first time in city history, it’s residents now pay, on average, two weeks salary on rent with some nearing three weeks and still living in dormitory conditions.
Locally, this is the result of votes made in 1993 & 94. Republicans led the charge to weaken New York City’s rent regulations and this is the result.
Vote red –get bled.
Rob in Manhattan
@Rob
You full of - Manhattan crap.
The taxation craze is purely a socialist scam, perpetrated by your favorite DemonRats with plenty of help from the RINOs.
Uniparty issue if you haven't noticed yet.
You are the slave.
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