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Q225 Burns + CRE Daily Fear and Greed Index
Manhattan Rents Break Records—And Could Climb Higher This Summer
Class A Occupancy Hits Two-Year High, But Class B Still Leads
NYC Bans Broker Fees for Renters—But Landlords Are Hiking Rents Fast
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Q225 Burns + CRE Daily Fear and Greed Index

Cautious optimism is growing, but tight capital and policy risks are keeping CRE on edge.

THE TAKEAWAY

Manhattan Rents Break Records—And Could Climb Higher This Summer

Despite growing supply, Manhattan rents continue surging, fueled by demand and recent policy shifts.

THE TAKEAWAY

Class A Occupancy Hits Two-Year High, But Class B Still Leads

Occupancy in stabilized Class A apartments hit 95.7% in May 2025—their highest level since June 2022.

THE TAKEAWAY

NYC Bans Broker Fees for Renters—But Landlords Are Hiking Rents Fast

These fees typically cost renters 10–15% of annual rent, but landlords are increasing rent to compensate.

THE TAKEAWAY

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