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Manhattan Rents Dip Slightly, But Trends Stay Steep | Real Estate News
Manhattan rents took a tiny breather in August, dipping $100 to $4,900 — still the second-highest median ever — as seasonal trends and fewer new leases kicked in. But don’t celebrate: prices are up 6.5% year-over-year, double inflation, fueled by high mortgage rates pushing buyers into rentals. Luxury markets surged 22%, while a new $5M+ second-home tax may be nudging wealthy tenants toward renting. Rent-stabilized units? They got a freeze this year. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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