Manhattan Rental Market
But the boroughs median rent fell nearly 10 percent to 2700 from 2991 last year. The shift in the rental market has been sudden and significant in a short period of time Jonathan Miller. Nyc Rents Drop As Vacancies Increase Rent Regulation Could Hang In Balance The City On the sales market Manhattan saw record price drops with the StreetEasy Price Index down 62 year over year. Manhattan rental market . Overall the median monthly rental price in Manhattan net of promotions dropped to 3161 in August a year-over-year decline of 77. Fortunately we have many years of experience in the industry and can easily help you find the right property that suits your needs and fit your budget. The rental market in Manhattan and Brooklyn is on the upswing particularly when compared to where things were a year ago when the coronavirus pandemic was first raging through the city. Even with the price drops and increase in rentals Manhattan still has a near-record number of empty apartments. Wh