Monday, June 8, 2026
Family Office Briefing on research byLee & Associates·Apr 25, 2023

2023 Q1 New York City - Multifamily

This report provides an overview of the multifamily market in New York City for Q1 2023.

MultifamilyNew York2023

Key Metrics

MetricValue
Vacancy Rate2.9%
Net Absorption22,779units
Asking Rent3003$/unit
Under Construction65,618units

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around New York? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent multifamily strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.