The Post chose to match Douglas Elliman’s June 2021 rent costs to June rent costs in 2019 since last year’s numbers during lockdown were unusually low. Discount percentages don’t account for inflation, which rose 6% from June 2019 to June 2021, based on the Bureau of Labor Statistics. The best deals in comparison with pre-pandemic costs have been in Brooklyn, the place Brooklynites obtained a 9.87% low cost, and Manhattanites obtained about an eight.5% low cost in June. Queens renters obtained a 5.7% low cost, in part as a result of costs had been already the bottom there, according to Douglas Elliman. “It was inevitable that individuals would return to town, and it is inevitable that, as individuals return, stock will shrink and prices will go up,” mentioned George Case of Warburg Realty. Here are the newest housing costs and forecasts so you understand what to anticipate if you … Read More
