COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

All five NYC boroughs outpaced national annual rent growth through September. The Bronx led both annual gains and recent momentum, while Queens was the only borough below the US momentum reading.

How New Yorkers get to work is changing: bicycle commuting rose 59% from 2014 to 2024, transit remains below 2019 levels, and working from home has reshaped commuting across the five boroughs.

NYC rent growth remained ahead of the national trend through August, with the Bronx now leading both annual growth and recent momentum.

NYC rent growth accelerated broadly in May, with Manhattan continuing to lead annual gains while stronger short-term momentum spread across all five boroughs.