Douglas Elliman report shows new highs for rent in northwest Queens
Posted byschnepsrestagent
Sep. 18, 2023 By Ethan Marshall
The August 2023 rental market report from Douglas Elliman Real Estate showed that northwest Queens was experiencing new highs in average rent per square foot, average rental price and median rental prices. At the same time, lease signings continued to drop.
Year-over-year, the median rental price rose 27.2%, to $3,900. This is also 31.8% higher than before the COVID-19 pandemic. The average rental price increased 27.3%, from $3,368 in Aug. 2022 to $4,287. The average rent price per square foot in northwestern Queens went up 23%, from $53.19 to $65.43.
The net effective median rental price reached a record high $3,871, breaking the previous month’s record of $3,850. It was also the fourth time in the last five months that a new record was reached.
While all rental price trend indicators increased to new highs, lease signings experienced a sharp decline from July to August of 2023. The 233 new lease signings in August were also 46.1% lower than the same month last year.
The habitual criminal from Brooklyn who was busted on Friday, March 7, for slugging a pregnant woman in the face while she rode a J train in Jamaica last month was arraigned in Queens Criminal Court on Saturday.
Christopher Benitez, 33, of Throop Avenue in Williamsburg, was criminally charged with assault and harassment for the unprovoked attack of a 37-year-old woman.
LaGuardia Community College in Long Island City is offering two tuition-free training programs aimed at equipping New Yorkers with essential skills for careers in healthcare finance and operations and supporting individuals seeking to complete their General Educational Development (GED) tests.
Flushing Town Hall is bringing together the freshest young talent and seasoned legends in one unforgettable performance at their “Majors and Minors of Jazz” concert on April 5 at 7:30 p.m.
Northwest Queens saw a surge in real estate activity in February 2025, with prices rising across the board—but the most striking shift was the listing inventory, which more than doubled compared to the same period last year, according to a report by Douglas Elliman Real Estate.
Police from the 114th Precinct were on the scene moments later after they had seen the reckless boy race into the park at 19th Street and Astoria Park South at around 6:15 p.m. They took the rider into custody before an angry mob could get to him.
The M/WBEs involved in the projects are joint venture Triton-Elite JV., which will build the new Roy Wilkins Recreation Center, and Armand Construction Corp., which received the contract for park restrooms.