Manhattan Rental Market


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(Illustration by The Real Deal with Getty)
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Landlords backing off big rent hikes

Through the winter and spring, rent hikes on Covid-era lease renewals soared as high as 50 percent as New York landlords cashed in on strong demand and low availability. Those price bumps — largely...

Landlords backing off big rent hikes
A photo illustration of Yorkshire Towers, Lexington Towers, the Fifty Hotel & Suites and 475 Fifth Avenue (Google Maps, LoopNet, iStock)

Manhattan’s biggest loans in May led by rentals

Two luxury rental buildings on the Upper East Side fetched about 40 percent of the cash in last month’s...

Manhattan’s biggest loans in May led by rentals
Douglas Elliman's Hal Gavzie and Miller Samuel's Jonathan Miller (Douglas Elliman, iStock)

Welcome to New York, the median rent is now $4K

Think of New York rents like the temperatures ushered in by climate change: They may be hot now but...

Welcome to New York, the median rent is now $4K

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