The average rent in Manhattan jumped to $5,249 in November — and may not fall any time soon | CNN Business

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The average rent in Manhattan was $5,249 in November, up 19% from last year and the third-highest amount on record.

The median cost of renting an apartment in Manhattan remained near record highs in November, at $4,095. That’s up from 18.7% a year ago and up 2.1% from October. Affordability continues to be a challenge across the housing market, with spiking mortgage rates pushing homeownership out of reach for many people who are continuing to rent — and propelling strong demand for rentals. The new monthly average for Manhattanites marks a 3.4% drop since October.

” There is a bit more breathing room in the rental market in Manhattan now than earlier this year. November saw the most significant annual decline in new lease signings since the onset of the pandemic, according to the report, and the vacancy rate rose for the seventh consecutive month. “We are seeing concessions rise slightly and bidding wars decline as the market stabilizes,” said Miller.

 

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Say hello to more homeless people

Imagine paying this much to live in a crime ridden shit hole

supply and demand? keep voting left

Meanwhile the man of the year

Who has that kind of money? No one you know

New York should be ashamed… damn apts look like bandos

SOS MohsenShekari & MajidrezaRahnvard were executed by IR Regime in less than 5 days! IR will execute more people if max pressure is not applied on them! Withdraw your ambassadors from Tehran,close the regime embassies,expel their ambassadors,freeze their assets. POTUS cnnbrk

This morning, MajidrezaRahnavard was EXECUTED by the terrorist Islamic Republic. Your silence and only condemning the crime will cause the innocent to be executed one by one.Why don't you do something practical?Who should we raise a helping hand to hear our voice?

During last 4 days 2 young innocent protesters executed by Islamic Republic regime.please stop making statements and force your governments to take a serious action MajidrezaRahnvard BBC FoxNews AP FRANCE24 nytimes guardian ForeignPolicy ABC EU_Commission CBS

Even the rat infested small two bedroom apartments in the Bronx?

You are expecting... sympathy? For willingly living in an overpriced cesspool ? 😆 Because all I have is an empty bag of fucks . And even if I found one tattered and torn at the bottom, you wouldn't get it.

And nothing about the Twitter files? cnn communism at its best.

POTUS DO SOMETHING

Oh my gosh 🫢

Live in Flushing and I pay 1400 for 1 bedroom. And the neighborhood is nice. Who want to live in Manhattan at that price 🤣. For that I prefer to buy a house in Jersey

Well, go somewhere else. Story of human nature. I gotta be u.

That's a mortgage on a mansion in the UK 😂

Normal for US 🤣🤣🤣 that amount I get a villa in Europe 🤣

Average in Manhattan is a useless number. What is the Median rent?

5k a month to live in that dump

Gee, thanks Joe!

Scammers no way costs went up that much

Women_Life_Freedom مهسا_امینی نیکا_شاکرمی حسین_رونقی مرگ_بر_دیکتاتور زن_زندگی_آزادگی زندانی_سیاسی_آزاد_باید_گردد

One of my friends sent me a picture of tear-jerking pumice that was engraved Made in England. We will not eat your media fancy politicians' lies anymore. Iran women_life_freedom

My mortgage on the 4000SF house I bought in 2017 in $1932.00. $5k for an apartment! Yikes!!

Congratulations!!! Keep lying guys!! You are the worst of the worst!!!!!

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