Family Office Briefing on research byLee & Associates·Nov 3, 2023
2023 Q3 New York City - Multifamily
New York City multifamily market sees transaction volume decline in Q3 2023 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 2.5% |
| Asking Rent/Unit | 3075$ |
| 12 Mo. Absorption Units | 19957units |
| Under Construction Units | 63587units |
| Inventory Units | 1548221units |
Metrics extracted from the source report and independently fact-checked. Method →
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