FYI
Manhattan is still pricey.
https://www.amny.com/real-estate/her...r-their-money/
https://streeteasy.com/blog/price-pe...arket-reports/
Following the unprecedented drop in rent prices during the first half of 2021, the second half of the year yielded an enormous comeback, bringing with it, both positive and negative consequences for the 2022 real estate market.
As the pandemic continues into its third year, and offices are still allowing their employees to work from home, the amount of space available in an apartment has become a critical component for buyers when searching for a place to call home.
In their “January 2022 Market Reports,” NYC’s leading real estate marketplace, StreetEasy, conducted research to determine which neighborhoods are offering the most space, for the least amount of money— and in turn, created the ultimate reference document for prospective New York City homeowners.
The StreetEasy data team analyzed the median asking price per square foot (PPSF) in Manhattan, Brooklyn, and Queens, in an effort to identify which neighborhoods are seeing a decrease in PPSF, and which are seeing an increase.
“There is a real separation between what is happening in Manhattan and the rest of New York City right now,” stated StreetEasy Economist Nancy Wu. “The price for a single square foot of space in Manhattan is more than double Brooklyn and Queens.”
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