NYC Apartment Rent Skyrockets, Hitting New Record ...Saudi Arabia

Taylor Swift famously sang "Welcome to New York, it's been waiting for you" but New York City has not been so welcoming lately with its exorbitant rent prices. CNBC reports that rent in Manhattan reached a record-breaking level in July, due to higher interest rates and low supply driving up the price. The news outlet notes that according to appraisal firm Miller Samuel's market reports for real estate agency Douglas Elliman, the average monthly rent in the past month skyrocketed to $5,588, 9 percent over what it was in 2022. The publication also pointed out that the median rent, at $4,400 per month, and the price per square footing, at $84.74, has hit a new record. It reportedly is the fourt

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Last updated : 12 August 2023 clock 01:25 PM

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NYC Apartment Rent Skyrockets, Hitting New Record ...Saudi Arabia

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