Real Estate
Manhattan Apartment Rents Climb to Highest on Record for April
- Price gains so far this year signal a summer to beat 2023’s
- Brooklyn rents also reach April peak, while Queens sees a drop
Rents now have climbed annually in three of the past four months.
Photographer: Alex Kent/BloombergManhattan apartment rents rose last month to a new high for April, an increase that suggests another record-shattering summer to come.
New leases were signed at a median of $4,250, up $9 from last April, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.