Downtown Brooklyn leads new rental development launches in the borough and has seen strong demand as it continues to be a hub for Brooklyn luxury high-rise living.

New rental properties in Upper Manhattan are experiencing strong demand and rising prices, partially driven by NYC renters seeking more value amid record-high citywide rents.

Manhattan new development condo contracts in Q2 saw lower pricing but stronger sales activity, indicating a degree of balance as the market continues to focus on value and adapt to interest rates.