Downtown office asking rents were up 8% in May

According to this week’s market reports, office leasing in Downtown Manhattan climbed to 56 percent above the five-year monthly average, and median residential rents in Brooklyn were down 2 percent year-over-year. Residential Rental report | RentCafe Average apartment rents dropped in six of the 10 top markets in May. Average rents in Manhattan, the priciest market, dropped 2.9 percent year-over-year to $4,094 behind San Francisco, which fell 3.3 percent. Read the full report here. Manhattan, […]

Source: realdeal

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