The median monthly asking rent of single family homes and apartments in Manhattan, New York plummeted in 2020, following the coronavirus (COVID-19) pandemic outbreak. The average rent in Upper East Side fell to ***** U.S. dollars, only to surge in the next two years. In 2024, a residential property in Downtown Manhattan had an average rent of nearly ***** U.S. dollars.

The median rent for one- and two-bedroom apartments in New York City, NY, exceeded ***** U.S. dollars at the beginning of 2025. Rents soared during the COVID-19 pandemic rising by over ** percent in December 2021. Rental growth slowed in the following three years but remained positive. In January 2025, rents increased by *** percent year-on-year.Among the different states in the U.S., New York ranks as one of the most expensive rental markets.

A list of job applications filed for a particular day and associated data. Prior weekly and monthly reports are archived at DOB and are not available on NYC Open Data.

Graph and download economic data for Rental Vacancy Rate for New York (NYRVAC) from 1986 to 2024 about vacancy, rent, NY, rate, and USA.

The median monthly asking rent of single family homes and apartments in Brooklyn, New York has surged dramatically since 2020, when it slightly dipped as the coronavirus (COVID-19) pandemic unfolded. From ***** U.S. dollars in 2020, Brooklyn rents soared to ***** U.S. dollars in *********.

The monthly median asking rent for unfurnished apartments in the United States in the first quarter of 2025 amounted to ***** U.S. dollars. This was an increase of about *** U.S. dollars in just five years. In 2020, the median rent stood at ***** U.S. dollars. The U.S. rental market As rental apartment vacancy rates fall, rents are on the rise. This makes it more difficult for Americans to, first, find an apartment to rent, and second, find an apartment which they can afford. Nevertheless, renting has become much more common in recent years, with the number of renter households having substantially increased in the past two decades. In 2025, there were approximately **** million renter households in the U.S. Rents in different states Of course, rents vary from state to state. The most expensive rents are found in Hawaii, California, District of Colombia, New Jersey, and Florida. Following the COVID-19 pandemic, growth was the strongest in the Sun Belt states, and especially in states with lower costs of living, such as Texas. In Austin, TX, the average rent soared by nearly ** percent in 2021, and remained elevated, despite a slight decline in 2023.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Rent of Shelter in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (CUURA101SASL2RS) from Dec 1982 to Sep 2025 about shelter, CT, NJ, New York, rent, PA, NY, urban, consumer, CPI, services, inflation, price index, indexes, price, and USA.

The NYC Department of City Planning’s (DCP) Housing Database contains all NYC Department of Buildings (DOB) approved housing construction and demolition jobs filed or completed in NYC since January 1, 2010. It includes the three primary construction job types that add or remove residential units: new buildings, major alterations, and demolitions, and can be used to determine the change in legal housing units across time and space. Records in the Housing Database Project-Level Files are geocoded to the greatest level of precision possible, subject to numerous quality assurance and control checks, recoded for usability, and joined to other housing data sources relevant to city planners and analysts.

Data are updated semiannually, at the end of the second and fourth quarters of each year.

Please see DCP’s annual Housing Production Snapshot summarizing findings from the 21Q4 data release here. Additional Housing and Economic analyses are also available.

The NYC Department of City Planning’s (DCP) Housing Database Unit Change Summary Files provide the net change in Class A housing units since 2010, and the count of units pending completion for commonly used political and statistical boundaries (Census Block, Census Tract, City Council district, Community District, Community District Tabulation Area (CDTA), Neighborhood Tabulation Area (NTA). These tables are aggregated from the DCP Housing Database Project-Level Files, which is derived from Department of Buildings (DOB) approved housing construction and demolition jobs filed or completed in NYC since January 1, 2010. Net housing unit change is calculated as the sum of all three construction job types that add or remove residential units: new buildings, major alterations, and demolitions. These files can be used to determine the change in legal housing units across time and space.

In 2024, New York, NY, was the most expensive rental market for one-bedroom apartments in the United States. The median monthly rental rate of an apartment in New York was ***** U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average ***** U.S. dollars.

Graph and download economic data for Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in New York (NYRERENTLEARQGSP) from Q1 2005 to Q2 2025 about leases, real estate, rent, finance, insurance, NY, GSP, private industries, private, real, industry, GDP, and USA.

The average asking rent for Class A office space in Midtown Manhattan was ***** U.S. dollars per square foot in the second quarter of 2025. It was above the Manhattan average of ***** U.S. dollars but below that of Midtown South, which was the most expensive district at ***** U.S. dollars per square foot. What is Class A real estate?Class A real estate refers to the best properties in terms of appearance, age, quality of infrastructure and location. These properties usually command the highest rental rates, due to their high quality. In the U.S., Manhattan has the most expensive rents for Class A offices.Midtown vs Midtown SouthMidtown Manhattan contains the Empire State Building, MoMA, Grand Central Station, and the United Nations Headquarters. The most expensive submarket there was Plaza District in 2025. Meanwhile, Midtown South is home to Madison Square Garden, Pennsylvania Station, Hudson Yards, and Koreatown. In 2025, the most expensive submarket there was Hudson Yards, followed by Chelsea and Hudson Square.

Home of the New York Stock Exchange, Times Square, the Theater District, and countless other landmarks, Manhattan is undoubtedly among the most expensive commercial real estate markets in the United States. On 5th Ave (49th St. - 59th St.), the annual asking rent of retail space reached ***** U.S. dollars per square foot in the first half of 2025. Broadway & 7th Ave (42nd St. - 47th St.) had the second-highest rent among Manhattan corridors, with a median asking rent of ***** U.S. dollars.

Background

This data set was engineered for the purpose of modeling apartment rent prices. See my pluto-modeling repository for more information on how this data was used for modeling, and why the target variable was chosen as a proxy for rent prices. For more information on how the data were engineered from the PLUTO data set, see my pluto-database repository.

If you have requests or suggestions for improving this data set, please reach out to me on LinkedIn. I'm always happy to hear from people who use my creations and I'm glad to help you get what you need.

Variables

Identifiers

These variables are primarily used to identify records in the data set. With the exception of year, they are not reccommended for use in the modeling process.

NOTE: This data set only contains BBL-identified records from residential buildings. Other building types are excluded, such as commercial, industrial, and parking lots.

• year
  • the year of the record
  • (year, BBL) uniquely identify records in this data set and can be used as the primary key if the CSV files are imported into a database
• bbl
  • BBL stands for "Borough, Block, Lot"
  • the BBL is a unique numeric identifier for each lot in the NYC building dataset
  • individual buildings are not identified directly in this data-set, but most lots contain only one building, and those that contain more usually contain only a few buildings
• block
  • a code that identifies a block; unique up to the boroough
• zipcode
  • postal code

Building (Lot) Level Features

These variables are used to building features up to the lot level of precision. In most cases, they are an adequate substitute for direct building-level data, which are not available.

Location

• xcoord
  • gives the x-coordinate of the building in New York and Long Island Projection units
• ycoord
  • gives the y-coordinate of the building in New York and Long Island Projection units

Age and Alteration

• yearbuilt
  • the year the building was built
• yearalter
  • the year the building was last altered
  • an alteration is defined as a major rennovation such as gut rennovation, core structural change, etc.
  • this variable is equal to year built if a building has not been altered
• age
  • the age of the building in years (equal to year - yearbuilt)
• build_alter_gap
  • the difference between the year built and the most recent alteration
• alterage
  • the age of the most recent alteration in years (equal to year - yearalter)
  • this variable is equal to age if a building has not been altered (the same caveat applies to the squared and cubed variants of this variable)
• alterage_squared
  • the age of the most recent alteration in years squared
  • the square of age has been added to the data set for linear modeling purposes (see note below)
• alterage_cubed
  • the age of the most recent alteration in years cubed
  • the cube of age has been added to the data set for linear modeling purposes (see note below)

NOTE: Regression models can account for non-linear effects by squaring and/or cubing continuous variables. The intuition behind including squared and cubed alterage variants is that the deterioration of a building matters most when it is either new or older. In general, if the influence of a variable X has a quadratic significance pattern, then we include the squared and cubed versions of X in the model. The reason for this is that d/dX B_1*X + B_2*X^2 + B_3*X^3 = B_1 + 2*B_2*X + 3*B_3 X^2.

Building Class Features

• elevator
  • 1 if the building has an elevator, 0 otherwise
• commercial
  • 1 if the residential building also has stores or offices on premesis, 0 otherwise
• garage
  • 1 if the building has a garage, 0 otherwise
• storage
  • 1 if the building has a storage space, 0 otherwise
• basement
  • 1 if the building has a basement, 0 otherwise
• waterfront
  • 1 if the building is on the waterfront, 0 otherwise
• frontage
  • 1 if the building has a frontage (abbutts at least one street), 0 otherwise
• block_assmeblage
  • 1 if the building is in a block assmeblage, 0 otherwise
• cooperative
  • 1 if the building is managed as cooperative, 0 otherwise
• conv_loft_wh
  • 1 if the building is converted from a loft or warehouse, 0 otherwise

walk-up building features

• tenament
  • 1 if the building was originally constructed as a tenament, 0 otherwise
• garden
  • 1 if the building is a garden community, 0 otherwise
    • garden communities are low-sitting buildings with a wide footprint
    • these buildings often have a couryard with a garden and a large number of residential units

elevator building featu...

Graph and download economic data for Condo Price Index for New York, New York (NYXRCSA) from Jan 1995 to Sep 2025 about New York, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Real Estate, Rental and Leasing Earnings in New York (NYEREA) from Q1 1998 to Q2 2025 about leases, real estate, rent, earnings, NY, and USA.

Explore Rochester, NY rental market 2025. The average long-term prices $1,417 and short-term $2,043, with trends shaping housing in a city of 209,720 residents.

Explore Syracuse, NY rental market 2025. The average long-term prices $1,621 and short-term $1,637, with trends shaping housing in a city of 146,211 residents.

In District of Columbia, the average rent per square foot was **** U.S. dollars in 2018, whereas renters in Oregon were expected to pay half as much in rent per square foot. DC was the most expensive state for renters, followed by New York, Hawaii, Massachusetts and California. Why is DC so expensive? District of Columbia is the center of the U.S. political system with all three branches of federal government sitting there: Congress (legislative), President (executive) and the Supreme Court (judicial). The above average household incomes of its residents mean that high rents are still sustainable for the rental market. Limited space in DC DC has the largest share of apartment dwellers in the country. This is most likely due to limited space, as the federal district has a much higher population density than the states. The political importance of DC and the high population density suggest that the federal district is likely to retain its spot as the most expensive rental market in the future.

Dividends, Interest and Rent in New York was 363916.50000 Thous. of $ in April of 2025, according to the United States Federal Reserve. Historically, Dividends, Interest and Rent in New York reached a record high of 363916.50000 in April of 2025 and a record low of 3222.20000 in April of 1948. Trading Economics provides the current actual value, an historical data chart and related indicators for Dividends, Interest and Rent in New York - last updated from the United States Federal Reserve on November of 2025.

Explore Buffalo, NY rental market 2025. The average long-term prices $1,410 and short-term $2,103, with trends shaping housing in a city of 276,397 residents.