Sep. 17, 2024 By Ethan Marshall Over the course of the summer of 2024, viewed as the peak rental season, Queens and Brooklyn each experienced sharp increases in competition among renters compared to the same time in 2023 and Manhattan maintaining a high degree of such competition, according to a Rental Competitiveness Report by…
Tag: rentcafe
NYC metro area on pace to lead nation in new apartments constructed in 2024: report
Aug. 21, 2024 By Ethan Marshall The New York City metropolitan area is on track to lead the United States in new apartments constructed among major cities in 2024, according to a report by the real estate firm RentCafe. With 32,935 new rentals expected to be completed by the end of the year, the…
Apartment space in Queens among most costly in United States: report
Aug. 7, 2024 By Ethan Marshall Out of the 100 largest cities in the United States, Queens ranked 95th when it came to the average size of an apartment for $1,500 a month, according to a report by the real estate site RentCafe. The study’s results concluded that apartments in Queens with a $1,500…
Queens ranked fifth-most popular area in the country for renters through first half of 2024: report
Jul. 24, 2024 By Ethan Marshall Queens had the fifth-highest amount of rental activity across the United States through the first half of 2024, according to a report by the real estate searching site RentCafe. Year-over-year, Queens had a 138% increase in page views on RentCafe from the first half of 2023 to 2024.…
Queens apartments have the smallest average size among all boroughs, third-smallest in country: report
Jun. 12, 2024 By Ethan Marshall The average size of apartments in Queens was the smallest among all New York City boroughs in 2023, as well as the third-smallest among cities in the United States, according to a report by the real estate firm RentCafe. At 692 square feet, Queens boasts slightly smaller apartments on…
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Queens among top areas preferred by renters in countrywide real estate report
Nov. 28, 2023 By Ethan Marshall Queens was viewed as one of the top areas in the United States by renters throughout November 2023, according to the latest rental activity report compiled by the national real estate firm RentCafe. Queens is also the most popular rental destination in the northeastern region of the United States….
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The kids are staying put: young adults in NYC opt to stay in multigenerational homes: report
Nov. 15, 2023 By Ethan Marshall The kids are not leaving the nest. Approximately 28% of the 1.2 million millennials and 79% of the 2 million Gen Z adults in New York City have yet to leave their multigenerational homes to find their own place to live, according to a report recently released by real…
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Queens most sought-after urban location in U.S. for renters: report
Oct. 26, 2023 By Ethan Marshall Queens is the most sought-after urban location for renters to live in across the country, according to a new report. The real estate firm RentCafe released its October rental activity report that found that the borough attracted the most engagement from apartment hunters in the month than anywhere else in the nation. Queens, which ranked third place in September, climbed ahead of Arlington, VA, and Kansas City, MO, to move to the top spot in October. This climb to the top was months in the making, as the borough has been making its way…
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Rental competitivity report shows high demand in NYC
Sep. 25, 2023 By Ethan Marshall According to RentCafe’s latest rental competitivity report, New York City has been facing rising competition when it comes to apartments. This surge is due in large part to Manhattan and Brooklyn both placing among the report’s top 20 rental markets. In this report, 139 markets in the United States…
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