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Manhattan rents hit highest level in more than a decade

As rental rates across the boroughs increased, Manhattan saw a near record month. Median rental prices on the island reached $ 3,600 in November — an 8.5 percent year-over-year increase, according to Douglas Elliman’s latest rental report, authored by appraisal firm Miller Samuel. It’s the highest level recorded in more than a decade, and the second-highest ever recorded. “Higher end of the market has softened up, and we’re still seeing buyers on the sales side camping

The Real Deal New York

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