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

… fearful of a recession and willing to pay a premium for a rental now People dont like to make decisions when things … us they want to just wait Both doorman a proxy for luxury apartments and nondoorman net effective rents in Manhattan … demand for apartments landlord concessions fell to a new low of 141 percent of leases compared to 377 percent a year …

By Jennifer White Karp |July 14, 2022 - 9:30AM