A recent report found that rental units in Queens saw slight increases in the new year.
MNS Real Estate released their January 2019 Rental Market Report, which took a look at the trends in real estate rental prices throughout January.
According to the report, average rental prices in January 2019 increased from $2,202.98 to $2,210.32, marking a 0.33 percent increase from December 2018. Compared to January 2018, average rental prices have increased 1.67 percent year-over-year.
Compared to December 2018, average rental prices for studios in January 2019 decreased from $1,834.60 to $1,783.31. Average rental prices for one-bedroom units increased from $2,094.52 to $2,117.10 and two-bedroom units increased from $2,679.83 to $2,681.02.
Flushing and Ridgewood each saw the largest increases in average prices for one-bedroom units during January 2019, raising 5.2 percent and 4.3 percent, respectively. The largest decreases in average prices for studio units were found in Jackson Heights and Long Island City, decreasing 9.9 percent and 4.3 percent, respectively.