Rent price increase in NYC in 2025?
Rent price increase in NYC in 2025?
Above 3%
No
Above 3%
No
Above 4%
No
Above 4%
No
Above 5%
No
Above 5%
No
Market Rules
Above 3%
If rent in NYC grows by more than 3 in 2025 (December 2024 : December 2025), then the market resolves to Yes. Outcome verified from Zillow.
The market shall and close and expire at the first 10:00 AM ET following the release of the data for 2025 (December 2024 : December 2025). Data is expected to be released on the third Thursday of the month following the target month.
Timeline and payout
Market openNov 5, 2024 · 10:00am EST
Market closedDec 22, 2025 · 1:32pm EST
Paid outJan 21, 2026 · 11:00am EST
SeriesKXRENTNYCY
EventKXRENTNYCY-25DEC
MarketKXRENTNYCY-25DEC-T3
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
New York City's rental market has seen significant changes in recent months. According to a report by Zumper, one-bedroom rentals in NYC surged 18% in February compared to the previous year, reaching $4,200, while median rents in Jersey City increased by 5.4% to $3,140. In contrast, a report by StreetEasy found that the median asking rent in Manhattan for February 2024 fell 4.6% compared to February 2023, driven by slowing demand and higher vacancy rates. Overall, the average rental price in Manhattan increased by 1.35% from March to April 2024, with varying trends across different neighborhoods.