"More renters in 2025 will expand their search across New York's rivers," stated StreetEasy, highlighting a surge in new developments in suburban areas.
The increased inventory across Queens and Brooklyn "will help stabilize the city's rental market, as well as slow down rent growth in these boroughs."
StreetEasy predicts Hoboken and Jersey City's median asking price will surpass Brooklyn's, making it the most expensive rental market in the NYC area outside of Manhattan.
Renters searching for "hard-to-find amenities, like swimming pools and outdoor spaces with skyline views, may still be willing to cross the river into the Garden State."
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