Wednesday, December 9, 2020

Queens rents take a dip

 Jackson Heights Post

The cost to rent an apartment in Queens has dropped more than 4 percent in the past year, according to a new report.

The average amount paid to rent a studio, one-bedroom or two-bedroom apartment was down across the board, compared to the same time last year, according to a report released by the real estate company MNS.

Some neighborhoods saw a particularly steep price drop in rental prices, such as Long Island City and Astoria, while others like Jackson Heights, Jamaica and Rego Park were mostly unchanged year over year.

Meanwhile, Flushing saw a slight uptick in rental prices from last year to this year and Ridgewood also saw a small increase in the price of studios and two-bedroom apartments.

Boroughwide rent prices fell for studio, one-bedroom and two-bedroom units, according to the Queens Rental Market Report.

The average rent paid for a studio apartment in Queens was $1,782 last month — down by 2.3 percent from $1,823 in November 2019, the report states.


Anonymous said...

Not a big drop at all !
Matt Egan on CNN says People Don't Need Stimulus Check During Economic Crisis.
The media is now part of the ruling class.
The "expert" he was talking to must've been Pig Pelosi.

Anonymous said...

I remember when a 2 bedroom in queens only cost 1200 dollars a month to rent. This was back in 2005. So in 15 years, rents have doubled.