NYC Apartment Agent

New York real estate + beyond

Manhattan Rents on Target to Hit Record Highs in 2011

with 7 comments

Manhattan rents are likely to hit record highs in 2011.

Manhattan rents are likely to hit record highs in 2011.

NEW YORK — The average rent for a Manhattan apartment will rise 5.7 percent to $3,790 per month in 2011, a new study cited by The Real Deal says.

The upward pricing pressures come as companies add workers to their payrolls at the highest rate in a decade, according to the report released today by Marcus & Millichap.

On another note, the New York State Assembly advanced a bill to extend current rent regulations through 2016. They had been set to expire June 15.

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Written by Bruno

2011.05.04 at 16:39

7 Responses

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  1. We have seen many articles that note increasing rents across the country. Demand is certainly on the rise, as this MSN article notes.

  2. […] news comes on the heels of a study predicting that New York rents will rise 5.7 percent to $3,790 per month in […]

  3. […] rents in New York City were forecast to rise 4.4 percent, according to a USA Today story, and up to 5.7 percent, according to The Real […]

  4. […] forecasts of rising rents in New York and across the United States hinged on increased […]

  5. […] of record-high rents earlier this year have largely been […]

  6. […] as many neighborhoods as you have in New York (comprising the five boroughs of Manhattan, Queens, Brooklyn, the Bronx and Staten Island), you will probably find just as many people who say […]


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