REBNY’s in the news as NYC rents drop and housing debates heat up. Founded in 1896, it’s the key trade group shaping NYC real estate.
Brooklyn's Dumbo neighborhood saw its median asking rent fall 8.2% year-over-year as new construction and shifting demand influence the market. Other city neighborhoods also experienced rent softening, driven by increased supply and changing tenant preferences. The trend reflects broader economic pressures and evolving urban dynamics.