Queens multifamily vacancy fell to 2.08% in the second quarter of 2026 as the apartment construction pipeline reached its lowest level in at least a decade. The data point to continued housing demand across the borough while new development is expected to gradually rebuild supply.

NYC investment sales reached $17.38 billion during the first half of 2026, according to preliminary data from Ariel Property Advisors’ H1 2026 All Asset Investment Sales Report. The market recorded 1,224 transactions involving 1,651 properties. Compared with the first half of 2025, total dollar volume increased 37 percent, transaction volume rose 5 percent and property volume increased 8 percent. This marked New York City’s strongest first-half investment sales performance si