The unthinkable has happened: For the first time in nearly a decade, Manhattan rents have dipped below $3,000 per month. It’s not by much; the median rent is still $2,990. But that price shift — a decrease of 7.8 percent compared to a year earlier — is part of a larger trend. For the first time in a decade, asking rents fell in Manhattan, Brooklyn and Queens last quarter, according to StreetEasy’s Q3 market report.
source https://therealdeal.com/2020/10/23/manhattan-rents-fall-below-3000-for-first-time-since-2011/
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