Median rent for new development units drops 8% in April

According to the most recent market reports, concessions are up and rent is down across most metrics in Manhattan. Overall, median rent fell 1.8 percent in Manhattan, dragged down by softness in the top 10 percent and in new development units, which fell 7.8 percent in April compared to the same month last year, according to a Douglas Elliman report. Residential Manhattan, Brooklyn and Queens rentals | Douglas Elliman Median rental prices in Manhattan decreased […]


Source: Real Estate

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