Dec
10
Transit-Oriented Development Accelerates in Queens
ByAn expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
An expanding pipeline and affordability issues are putting pressure on rent growth in Queens, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals. Bucking nationwide trends, Queens rents dropped 1.0 percent in the 12 months ending in September, while upcoming decisions on rent stabilization may soon reshape the borough’s market…
