The median rent in Manhattan fell by 2% in November, marking the first year-over-year decline in median prices in 27 months. The decline was attributed to an increase in empty apartments and renters waiting for price cuts. The median rent dropped to $4,000 from $4,095, according to a report from Douglas Elliman and Miller Samuel. This decline is the largest since February 2020. The Manhattan rental market is experiencing more than seasonal sluggishness, with the median rent falling for the first time in over two years.
Apartment rents have made some steady declines recently, a sign that the Manhattan market is experiencing more than just seasonal sluggishness https://t.co/pWIVoa4TBL
Manhattan median rent falls for the first time in over two years https://t.co/GRZe1EUu1H
Is the tide turning for renters? Manhattan rents DROP for the first time in two years to $4K a month - as costs to lease a home across the country plummet by largest amount since 2020 https://t.co/fc93kt56XU https://t.co/CNFUjC5aKk
Manhattan rent prices fall year-over-year for first time since 2021 — but median prices still top $5K https://t.co/qFuknWJxy8 https://t.co/teezWJ2bAx
Manhattan Apartment Rents Record First Year-Over-Year Decline Since 2021 https://t.co/qyy1RspW8J
Median rents in Manhattan declined by 2% in November — the first time in 27 months that rents fell in the county's biggest rental market. @robtfrank has the full story. https://t.co/xqA2f3ZPER https://t.co/pl3nT6QxAu
MANHATTAN MEDIAN RENT FALLS FOR THE FIRST TIME IN OVER TWO YEARS The median rent in Manhattan fell 2% in November, to $4,000 from $4,095 the first year-over-year decline in median prices in 27 months according to a report from Douglas Elliman and Miller Samuel - CNBC https://t.co/QWCOC3mPD5
(CNBC) - Manhattan rents fell for the first time in over two years, as the supply of empty apartments grew and renters held out for price cuts, according to a report released Thursday. @CNBC @robtfrank #NYC https://t.co/pzw7zrxF26
Manhattan median rent falls for the first time in over two years https://t.co/yxpKrnQa3z
🔸 The Tide Turns for Renters as Asking Rents Post Biggest Decline in Over 3 Years The median U.S. asking rent declined 2.1% year over year in November to $1,967—the biggest annual drop since February 2020—according to a report from Redfin. This is a 0.6% decline in asking rents…