Matrix Multifamily Manhattan Report-January 2025 January 29, 2025

Manhattan’s Solid Performance

Manhattan’s average advertised asking rents were up 0.2 percent on a T3 basis through November, to $5,023, 40 basis points above the U.S. figure, while the YoY rate stood at 5.1 percent, among the highest in the nation. Occupancy for stabilized assets was also up, by 40 bps YoY, to 98.2 percent as of October.