Manhattan rents hit all-time high in March, no relief for renters.
TL;DR Summary
Manhattan's median monthly rental price for apartments hit a record high of $4,175 in March, up 12.8% YoY, despite a 6.3% increase in listing inventory. The average lease was signed at just a 0.7% discount from its last listing price, down from an average 5% discount off the listing price in February. Studio apartments located in Manhattan had a median rental price of $3,190 in March. In Brooklyn, median rental prices increased 2.7% to $3,493.
- Manhattan rents soared to fresh record in March New York Post
- Manhattan median rents hit another high in March CNN
- Manhattan rents reach all-time high at $4,175 per month as exodus continues New York Post
- No relief for city's renters as spring apartment-hunting season arrives Crain's New York Business
- March Rents Top Last Summer's High The Real Deal
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