Wednesday, July 29, 2026
Family Office Briefing on research byLee & Associates·Jul 18, 2023

2023 Q2 New York City - Multifamily

New York City multifamily vacancy increased to 2.5% in Q2 2023 — family offices should consider co-GP opportunities with active operators.

MultifamilyNew York2023

Key Metrics

MetricValue
Vacancy Rate2.5%
Asking Rent3051$
Units Under Construction66329units

Metrics extracted from the source report and independently fact-checked. Method →

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.