Story perspectives
New York's Apartment Market: 32,000 Units and Rising Rents
1/28/2025
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Story summary
- RealPage identified five unpredictable apartment markets in the U.S., with New York among them.
- New York is projected to see 32,000 new units by early 2026, increasing from 19,000 in 2024.
- Occupancy rates in New York have risen to 97%, suggesting potential for rent increases.
- A diverse range of performance outcomes is expected for New York this year.
