Queens’ Apartment Pipeline Shallowest in a Decade — But New Supply On the Way
The world’s borough might attract some new residents soon. There’s a multifamily squeeze in Queens as the rental market tightens amid a dip in new construction, according to new data from CoStar. But experts on the borough’s housing market say this drop won’t last too much…
The world’s borough might attract some new residents soon. There’s a multifamily squeeze in Queens as the rental market tightens amid a dip in new construction, according to new data from CoStar. But experts on the borough’s housing market say this drop won’t last too much…
BELLINGS Intelligence Score: 12
Why it matters
The report on Queens' apartment pipeline being the shallowest in a decade reflects a localized real estate market trend with limited immediate impact on credit markets or broader financial conditions.
Sources
Commercial Observer
Queens’ Apartment Pipeline Shallowest in a Decade — But New Supply On the Way
The world’s borough might attract some new residents soon. There’s a multifamily squeeze in Queens as the rental market tightens amid a dip in new construction, according to new data from CoStar. But experts on the borough’s housing market say this drop won’t last too much…