Average rent for a Manhattan apartment passes $5,000 for the first time

… telling us they want to just wait Both doorman a proxy for luxury apartments and nondoorman net effective rents in Manhattan … of new leases with concessions fell to the lowest share in nearly six years And the volume of new leases fell compared …

By Jennifer White Karp |July 14, 2022 - 9:30AM
Manhattan median rent hits $4,000 for the first time ever

New York City rents soared again last month breaking the $4000 Manhattan median rent threshold for the first time ever Thats the median rent … these eyepopping numbers A jump in demand from renters for new leasesincluding from some wouldbe buyers who got shut …

By Jennifer White Karp |June 9, 2022 - 9:30AM
One year later: Checking in with the NYC newcomers who had steep rent discounts

… and what motivated them to take a chance on NYC when life in the city seemed very bleak All were lured here by substantial rent discounts and incentives that created onceinalifetime … rents in the building were going back up by about $1000 on average Because of that my roommate was moving in with his …

By Kelly Kreth |April 7, 2022 - 12:30PM