MANHATTAN…For the past three
months, median rent has increased yearover-
year. The percentage changes for
January, February and March 2013 were
2.6%, 4.7% and 6.7% after bottoming at
0.8% in December of 2012. The March
2013 increase of 6.7% exceeded the 5.1%
year-over-year increase in March 2012…
BROOKLYN…After posting no growth in median rental price in January 2013, rents resumed rising with a 7.2% gain in February, followed by an 11.3% increase in March. Average rental price and average rental price per square foot both rose by 11.5% in March over the same period last year….
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