Family Office Briefing on research byLee & Associates·Apr 25, 2023
2023 Q1 New York City - Multifamily
New York City multifamily vacancy rate decreased to 2.9% in Q1 2023 — family offices should consider co-GP opportunities with active operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 2.9% |
| Net Absorption | 22,779units |
| Asking Rent | 3003$/unit |
| Units Under Construction | 65,618units |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Lee & Associates
Building a thesis around New York? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent multifamily strategies.
Peer Network · By Invitation
The Thesis Exchange
Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.