Betting Manhattan rents will fall from record heights, renters shun longer leases

… The good news for Manhattan apartment hunters is that rents did not set yet another record in August The bad news … rose annually to a new high as concessions fell to the thirdlowest level on record according to the report Median rent … are poised to drop The market share of oneyear Manhattan leases exceeded 50 percent for the first time since February …

By Jennifer White Karp |September 22, 2022 - 9:30AM