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Manhattan renters face sticker shock with average rent at $5,200

Por: CNBC Business December 08, 2022

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An Apartments For Rent sign outside a building in the East Village neighborhood of New York, U.S.Gabby Jones Bloomberg Getty ImagesManhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers.The median rent for a Manhattan apartment in November hit $4,033, up from $3,964 in October, according to a report from Douglas Elliman and Miller Samuel. The... + full article



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