Manhattan rents hit highest level in more than a decade

As rental rates across the boroughs increased, Manhattan saw a near record month. Median rental prices on the island reached $3,600 in November — an 8.5 percent year-over-year increase, according to Douglas Elliman’s latest rental report, authored by appraisal firm Miller Samuel. It’s the highest level recorded in more than a decade, and the second-highest ever recorded. “Higher end of the market has softened up, and we’re still seeing buyers on the sales side camping

source https://therealdeal.com/2019/12/12/manhattan-rents-hit-highest-level-in-more-than-a-decade/