Manhattan Rents Hit Record High as Mamdani Won Mayoral Election
Rents for Manhattan apartments surged to a record high in November, as Zohran Mamdani won the mayoral election in large part due to affordability concerns. New leases were signed at...
By Bloomberg Markets · Bloomberg Markets
Rents for Manhattan apartments surged to a record high in November, as Zohran Mamdani won the mayoral election in large part due to affordability concerns. New leases were signed at a median of $4,750 in the month, up 13% from a year earlier and 3.3% from October, according to data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman. Bloomberg's Paulina Cachero reports. (Source: Bloomberg)