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Manhattan Rents Hit Record Highs | Real Estate News
Manhattan rents just hit a jaw-dropping new high—with median prices soaring to $5,000 and average rents climbing past $6,000. Driven by tight supply, stubbornly high mortgage rates, and a wave of city policies that make development harder and more expensive, landlords are pushing up market-rate prices while rent-stabilized units stay frozen. Experts warn this isn’t a temporary spike—it’s doubling inflation and leaving regular New Yorkers scrambling. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated…
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