Manhattan apartment rents jump to record high

Manhattan rents reached a record high in February — and so have bidding wars for rental units
Winter in New York City often enjoys a cooler real estate market, but not this year. Renters in Manhattan were met with record-high rents in February, with a median rent of $4,500 — a 6.4% uptick from the same time last year.
Manhattan apartment rents jump to record high as bidding wars spread
Manhattan apartment rents soared to a record high in February amid intense competition, including bidding wars in a more than a quarter of all deals.
Manhattan Apartment Rents Soar to a New Record
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Affluent Renters Paid Record Prices for Manhattan Apartments in February
Manhattan’s luxury rents hit a record price per square in February. Last month, rents in the New York borough’s luxury sector—defined as the top 10% of the market—hit $104.86 per square foot, up 14.6% from last year and the highest it’s been on record, according to a report from Douglas Elliman on Thursday.
Manhattan rents set a new record during normally quiet February
Apartment rents in Manhattan hit a new record high during the typically calm month of February, an ominous sign for how the rest of the year might shake out.
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Manhattan Apartment Rents Jump to Record as Bidding Wars Spread
Manhattan apartment rents soared to a record high in February amid intense competition, including bidding wars in a more than ...