NYC Broker Population Market Overview- May 2020 | Space

Number of Real Estate Agents in New York City – May 2020

Each month, the number of real estate agents in New York City fluctuates. This overview will discuss how many real estate agents there are in New York City this month, taking a specific look at each borough. As of May 2020, there are 62,403 licensed real estate agents in New York City’s five boroughs.

More than half of the real estate agents in New York City are located in Manhattan, with 32,560 agents licensed at Manhattan-based firms. Queens is second with 13,302 agents, followed closely by Brooklyn with 11,139 agents. Bronx and Staten Island firms have 2,564 and 2,838 agents, respectively.

Number of Real Estate Agents in New York City by Borough

As of May 2020, there are 62,403 licensed real estate agents in New York City’s five boroughs. Licensed real estate salespersons are the most common license type, accounting for 59.95% of the active licenses, while associate brokers in New York City represents 12.88%.

Other broker license types make up the remaining 27.17%. Other broker license types include limited liability brokers, tradename brokers, partnership brokers, corporate brokers, and individual brokers.

Number of Real Estate Agents in Manhattan

There are 32,560 real estate agents licensed at Manhattan-based firms. Licensed real estate salespersons are the most common license type, accounting for 57.62% of the active licenses, while associate brokers represent 15.99%. Other broker license types make up the remaining 26.39%.

18,762

Licensed Real Estate Salespersons

5,207

Licensed Associate Brokers

8,591

Other Brokers

Number of Real Estate Agents in Brooklyn

There are 11,139 real estate agents licensed at Brooklyn-based firms. Licensed real estate salespersons are the most common license type, accounting for 59.73% of the active licenses, while associate brokers represent 9.66%. Other broker license types make up the remaining 30.61%.

6,653

Licensed Real Estate Salespersons

1,076

Licensed Associate Brokers

3,410

Other Brokers

Conclusion

According to Space’s data (internal link), Queens has the best ratio in terms of agents entering the industry vs. agents leaving the industry. With 21.49% of new real estate agents in New York City joining Queens firms, compared to only 16.51% of those leaving the industry, the retention rate at Queens-based firms is higher than any other borough.

NYC Broker Population Market Overview- May 2020 | Space

Each month, the number of real estate agents in New York City fluctuates. This overview will discuss how many real estate agents there are in New York City this month, taking a specific look at each borough. As of May 2020, there are 62,403 licensed real estate agents in New York City’s five boroughs.

More than half of the real estate agents in New York City are located in Manhattan, with 32,560 agents licensed at Manhattan-based firms. Queens is second with 13,302 agents, followed closely by Brooklyn with 11,139 agents. Bronx and Staten Island firms have 2,564 and 2,838 agents, respectively.

Number of Real Estate Agents in New York City by Borough

As of May 2020, there are 62,403 licensed real estate agents in New York City’s five boroughs. Licensed real estate salespersons are the most common license type, accounting for 59.95% of the active licenses, while associate brokers in New York City represents 12.88%.

Other broker license types make up the remaining 27.17%. Other broker license types include limited liability brokers, tradename brokers, partnership brokers, corporate brokers, and individual brokers.

Number of Real Estate Agents in Manhattan

There are 32,560 real estate agents licensed at Manhattan-based firms. Licensed real estate salespersons are the most common license type, accounting for 57.62% of the active licenses, while associate brokers represent 15.99%. Other broker license types make up the remaining 26.39%.

18,762

Licensed Real Estate Salespersons

5,207

Licensed Associate Brokers

8,591

Other Brokers

Number of Real Estate Agents in Brooklyn

There are 11,139 real estate agents licensed at Brooklyn-based firms. Licensed real estate salespersons are the most common license type, accounting for 59.73% of the active licenses, while associate brokers represent 9.66%. Other broker license types make up the remaining 30.61%.

6,653

Licensed Real Estate Salespersons

1,076

Licensed Associate Brokers

3,410

Other Brokers

Conclusion

According to Space’s data (internal link), Queens has the best ratio in terms of agents entering the industry vs. agents leaving the industry. With 21.49% of new real estate agents in New York City joining Queens firms, compared to only 16.51% of those leaving the industry, the retention rate at Queens-based firms is higher than any other borough.