May 23rd 2023
MarketWatch
The Big Apple is living up to its name as one of the most expensive places to live, with rents at record heights.
As government officials and companies try to bring more workers back into the city, a new report by real-estate company Douglas Elliman and appraiser Miller Samuel found that rents were up in April in Manhattan by 8.1% as compared with the same month in 2022.
The median rent in New York City is now $4,241 per month, according to Douglas Elliman and Miller Samuel, which have tracked New York rents dating back to January 2008.