You are reading

Northwest Queens sees significant rent and lease growth in January 2025: report

Aerial shot of Sunnyside, Queens. Photo via Getty Images.

Feb. 14, 2025 By Ethan Marshall

Northwest Queens, which includes the neighborhoods of Astoria, Long Island City, Sunnyside and Woodside, experienced year-over-year growth across all price trend indicators during the first month of 2025, according to a report by the real estate firm Douglas Elliman Real Estate.

The median rent across northwest Queens increased 6.3% year-over-year, from $3,200 in January 2024 to $3,400 in January 2025. This rent also presents a 13.6% increase from five years ago, when the median rent was $2,993 in January 2020.

New leases experienced a large year-over-year boost across northwest Queens. There was a 34.8% jump in new leases over this period of time, from 497 in January 2024 to 670 in January 2025.

Listing inventory had an even bigger leap in terms of percentage over this period of time. The inventory in this section of Queens nearly doubled, rising from 547 in January 2024 to 1,090 in January 2025.

The surge in new leases has led to a big leap in the listing inventory, which has now gone up year over year for the 12th consecutive month.

More rentals are becoming available for prospective renters in northwest Queens, who are eagerly signing up to lease a place in Astoria, Long Island City, Sunnyside and Woodside. With such high demand, the cost of rent has also gone up.

email the author: news@queenspost.com

Featured Events

Post an Event

View All Events…

No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News
Celebrate Cinco de Mayo at these Mexican restaurants in Queens

May. 5, 2025 By Paulina Albarracin

Queens is a true melting pot of cultures, and few celebrations capture that spirit quite like Cinco de Mayo. Every year, the borough comes alive with vibrant festivities and the unmistakable aromas of Mexican cuisine, as local eateries prepare for one of the most festive cultural holidays on the calendar.

Read More
0
ASPCA promotes free and low-cost vet care in Long Island City for National Pet Week

As National Pet Week begins across the country, the ASPCA is spotlighting its newest Community Veterinary Clinic in Long Island City as a model for increasing access to pet care in underserved neighborhoods.

The Queens clinic, which opened in September 2024 near Queens Plaza, is the third ASPCA-operated location in New York City, joining similar facilities in the Bronx and Brooklyn. Since its launch, the clinic has become a vital resource for pet owners in western Queens neighborhoods including Astoria, Sunnyside, Woodside and Jackson Heights, offering free and low-cost veterinary care to eligible families.

Read More
0
Hard Rock CEO outlines vendor opportunities for $8B Metropolitan Park casino project

May. 2, 2025 By Shane O’Brien

Hard Rock International Chairman and CEO Jim Allen addressed hundreds of Queens-based vendors and small business owners Thursday morning at the Queens Theatre, outlining how they could play a key role in shaping the proposed $8 billion Metropolitan Park casino and entertainment complex near Citi Field—if the project is awarded one of the three downstate gaming licenses up for grabs later this year.

Read More
0
Beyond brunch: Unique ways to celebrate Mother’s Day in Queens

May. 2, 2025 By Jessica Militello

With Mother’s Day just over a week away, there’s still plenty of time to plan something meaningful in Queens to celebrate the special women in your life. While brunch or dinner is always a classic choice, there are also unique and memorable ways to mark the occasion with family and friends. From candle-making workshops and floral arranging classes to beer tastings and hands-on crafting, here are some fun and heartfelt ways to celebrate Mother’s Day right here in the community.

Read More
0
Load More Articles