Saturday, September 1, 2018

Queens posts highest rental increase in the country

From The Real Deal:

According to this week’s market reports, Queens rents rose by 8.4 percent in August and the number of housing permits in the city rose by 35.6 percent last year.

Queens posted the highest rent hike in the country in August, registering an 8.4 percent year-over-year increase to settle at an average rate of $2,342. This was followed by Phoenix, Arizona, which had the second highest rent increase at 6.8 percent. Manhattan and Brooklyn also registered price hikes of 1.9 percent and 3.9 percent,respectively. The national average rent stood at $1,412, up 3.1 percent from the same month last year. Read the report here.


Sunnyside Al said...

I wonder how the illegal immigrant, I’m sorry—undocumented migrant population increases in Queens, NY and Phoenix, AZ relate to this rental inflation?

Anonymous said...

More lies I been looking in Zillo prices in Ridgewood, Maspeth, Glendale have sunk and there are many apartments available. . The only places I know of that went up in Queens are the towers in LIC, and all the homes Corona from 91st to Flushing Meadow.
Why all the bullshit stats recently ?

Anonymous said...

I don't know where the mayor plans on placing these illegal's.
The hipsters are pricing them out quickly all along the 7 train from Broadway out to 111st.
The bodegas have even started selling, vap crap, fancy beer, CBD oils and hipster crap.

Anonymous said...

First of all, all the "Deal" rags get fake stats.
I was badly embarrassed a decade ago trusting them.
Then, if you don' count illegal apartments, how can your average be realistic?