Overview

• New York City’s median asking rent reached $4,080 in August, up 7.4% from a year earlier, according to StreetEasy.
• Manhattan recorded a steeper rise, with median asking rents increasing nearly 10% year over year.
• Eight neighborhoods posted year-over-year declines in advertised rents: DUMBO, East New York, Battery Park City, Midwood, Jamaica, Mott Haven, Roosevelt Island and Downtown Brooklyn.
• DUMBO led the drops with an 8.2% decline to a $5,600 median, a shift tied to more new buildings, slightly higher listing counts and widespread concessions reported by StreetEasy.
• Only two Manhattan pockets showed decreases, with Battery Park City down 5.6% and Roosevelt Island down 1.2%, underscoring uneven conditions across the city.