#Latest news with #brokerFeeBloomberg2 days agoBusinessBloombergManhattan Renters Already Paying Record Prices Face More HikesManhattan 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.
Bloomberg2 days agoBusinessBloombergManhattan Renters Already Paying Record Prices Face More HikesManhattan 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.
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