"One big contributing factor to this increase was the fact that the number of people vying for each apartment in Queens nearly doubled over this period of time, from six last year to ten this year. While the share of new units went up considerably, from 1.92% to 3.14%, not as many people are renewing their leases, with the rate having gone down from 69.4% to 62.6%."
"Brooklyn had the 21st-highest RCI score in 2025, at 78.1. However, this represents a decline from its score of 80.6 in 2024. The share of units more than doubling, from 2.13% in 2024 to 5.09% in 2025, played a big role in the RCI score going down. This has led to the lease renewal rate dropping from 69.8% last year to 67.7% this year, providing prospective renters with even more options."
Rental competitiveness remained very high across Queens, Brooklyn and Manhattan in 2025, with RCI scores above 70 from January to September. RCI calculations used average vacant days, occupancy rate, prospective renters per unit, lease renewal rate and share of new apartments, weighted 30% occupancy, 30% renewal, 15% vacant days, 15% prospective renters and 10% new apartments. Queens posted a 70.7 RCI, aided by prospective renters per unit rising from six to ten and occupied apartments rising to 94.7%, while renewal rates fell to 62.6% and average lease time shortened to 47 days. Brooklyn scored 78.1, down from 80.6, as new supply increased and renewal rates slipped to 67.7%, with average lease time near 40 days and occupied apartments slightly lower.
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