Rents fall in cities around the world

Across the country, rents are tumbling. Sales have surged in the New York suburbs, and prices with them. But Manhattan apartments are the cheapest they’ve been since 2013. The number of listings have tripled from a year ago while the median rent has dropped 11 percent, according to Bloomberg. Expensive cities have taken the biggest hit. In San Francisco, the median monthly rent for a studio has plunged 31 percent in a year to $2,285

source https://therealdeal.com/2020/10/21/rents-fall-in-cities-around-the-world/