New York City is seeing an adjustment in the rental market as landlords struggle to compete for renters in a suddenly crowded market.

Oshrat Carmiel reports on falling rents in New York City, especially in the borough of Queens, where rents have fallen 12 percent from a year prior.
A report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate surveys the New York City rental market, finding renters leaving Manhattan and Brooklyn in many cases to rent in the cheaper parts of Queens. While rent dropped in Queens, the number of rental leeses actually climbed. "New leases in northwest Queens -- Long Island City, Astoria, Sunnyside and Woodside -- jumped 11 percent to 272, the firms said," according to Carmiel.
According to Carmiel, the shifts in the rental market are caused by new supply.
Landlords, who’ve accepted they need to compete to keep their units filled, are working to attract new tenants and offering sweeter renewal terms to keep the ones they have….In Manhattan, 44 percent of all new leases came with a landlord concession, such as a free month of rent or payment of broker fees. In Brooklyn, the share was 51 percent, a record for the borough.
So it's not just Queens that's seeing falling rents. Manhattan and Brooklyn Rents also fell.
FULL STORY: Free-Falling New York Rents Plunge 12% in Queens

Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Bend, Oregon Zoning Reforms Prioritize Small-Scale Housing
The city altered its zoning code to allow multi-family housing and eliminated parking mandates citywide.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

LA Denies Basic Services to Unhoused Residents
The city has repeatedly failed to respond to requests for trash pickup at encampment sites, and eliminated a program that provided mobile showers and toilets.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
planning NEXT
Appalachian Highlands Housing Partners
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie