Manhattan median rent hit $4,750 in November as renters continue to pay a premium

… to pay more than the landlord is asking seems absurd when rents are skyhigh but the practice has become a hallmark of New York Citys ultracompetitive real estate market Renters will typically offer moreeither through a bidding … shows up as a negative number on the Elliman Report  for Manhattan Brooklyn and Queens rental markets indicating that …

By Jennifer White Karp |December 11, 2025 - 9:30AM
How to move to NYC: A crash course for finding an apartment

… of moving to New York City You must like a challenge The rental process can seem daunting because of NYCs steep rents … corner of the city Of course hanging out in an area is the best way to get a feel of it especially if you know what to … of a years rent on open listings instead of the usual 12 to 15 percent if you sign up here   Bonus The agents at …

By Jennifer White Karp |June 30, 2025 - 9:30AM
Fewer buyers, steeper rents, and costlier renovations: How tariffs could impact NYC real estate

… The Trump administrations new tariffs on foreign goods have rattled the stock market raised the risk of a recession … coming for New York Citys real estate market President Donald Trump imposed a broad 10 percent tariff on goods from … Yorkers nervous about the citys real estate market So if youre hesitating before diving into that kitchen remodel or …

By Celia Young |April 17, 2025 - 11:30AM
NYC mayoral hopefuls want a rent freeze, but tenants may have to wait until 2026

… candidates for New York City mayor have backed freezing the rent at the citys roughly one million rentstabilized … 2026 Rent increases at Gothams rentstabilized apartments are capped by the Rent Guidelines Board a ninemember board … 2026 through Sept 30th of 2027 according to the board    … What would a rent freeze mean … While not immediate a …

By Celia Young |December 10, 2024 - 5:00PM