Latest news with #ManhattanRent
Bloomberg
10-07-2025
- Business
- Bloomberg
Manhattan Rents Hit Another Record With More Increases to Come
Manhattan rents hit a record high for the fourth time in the past five months — and there's no relief in sight for apartment hunters in the market's busiest season. The median rent on new leases signed in June was $4,625, up 7.6% from a year earlier and $54 more than the previous month, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman.
Bloomberg
12-06-2025
- Business
- Bloomberg
Manhattan Renters Already Paying Record Prices Face More Hikes
Manhattan apartment rents reached yet another all-time high last month and are expected to keep rising as the market's most competitive season collides with the city's new broker-fee law. The median rent on new leases signed in May was $4,571, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman. It was the third record price reached in the past four months and exceeded the previous peak by $71.
