As rent explodes nationally, New York City tops the charts

The New York City rental market has staged the biggest comeback since the Jets’ Monday Night Miracle. At this time last year, city apartments were on the discount rack. Rents had fallen 14 percent in 12 months and more than half of available apartments were offering concessions. Since then, Gotham rents are up 32 percent, fourth most among U.S. cities, according to a new report by Zumper. The median price for a one-bedroom is up … Continue reading As rent explodes nationally, New York City tops the charts