NYC rents continue to drop, and landlords are feeling the crunch

Rents across the city continued their downward slide in September, and hundreds of frustrated landlords are feeling the crunch — and are demanding some relief. Median rents in Brooklyn, Manhattan and Queens all fell in September, according to an analysis of active apartment listings as of Sept. 30 by The Real Deal. The largest decrease was Queens, where the median rent fell nearly 12 percent, from $2,600 to just $2,295. The drop was slightly less

source https://therealdeal.com/2020/10/16/nyc-rents-continue-to-drop-and-landlords-are-feeling-the-crunch/