NYC rents soar as Covid deals die
Rents in New York soared so high in April that even discounted leases hit new heights. Net effective median rent on a unit with concessions in Manhattan hit a new high last month at $3,870, according to a monthly report by appraisal firm Miller Samuel for Douglas Elliman. The price point marks the highest annual surge rate on record — nearly 39 percent above April 2021 levels. That increase comes as so-called Covid deals that
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