Manhattan median rents hit record high with nearly 10% increase over a year

Manhattan rents reached an all-time last month — and they’re showing no signs of cooling any time soon, as supply dwindles but demand remains steady. Median rents in the borough hit an eye-watering $5,125 per month in May, a shocking 7% increase from the year before, Crain’s New York reported, citing an analysis from real...
Source
New York Post
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