New York City Area Multifamily Market Report
By PropZone Research · Data through Q1 2025 · Aggregated from CBRE
Quarterly multifamily market indicators for New York City Area, aggregated by PropZone from CBRE. As of Q1 2025, average asking rent was — with a 4.8% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2025 | — | 4.8% | — | — | CBRE |
Frequently asked questions
- What is the average asking rent for multifamily space in New York City Area?
- PropZone aggregates multifamily asking-rent data for New York City Area from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in New York City Area?
- The multifamily vacancy rate in New York City Area was 4.8% as of Q1 2025 (CBRE).
- Where does PropZone's New York City Area market data come from?
- This report aggregates quarterly multifamily market data for New York City Area from CBRE.
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