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Manhattan Regains MomentumManhattan rents picked back up after a seasonal slowdown, growing 0.4 percent on a T3 basis through March. Year-over-year, the New York City borough took the lead nationwide, with 5.2 percent growth. Development activity is up as well after sluggish performance in 2023, with first quarter starts doubling year-over-year.
Manhattan rents picked back up after a seasonal slowdown, growing 0.4 percent on a T3 basis through March. Year-over-year, the New York City borough took the lead nationwide, with 5.2 percent growth. Development activity is up as well after sluggish performance in 2023, with first quarter starts doubling year-over-year.
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