And it's getting higher.
Make your contribution now and help Gothamist thrive in 2023.Rents in Manhattan and other parts of New York City are soaring to record or near-record highs, according to a new Douglas Elliman and Miller Samuel report.shows a median rent of $4,097 for Manhattan — a historic high for the mid-market rate in January. It is the third-highest level on record, representing an increase of more than 15% from the same time last year.
“Average rent and average rent per square foot rose to a new high as the median rent was the second highest in history,” the report reads. "I'm sad to say that I feel a little bit inert to these quarterly reports," said Cea Weaver, an organizer with the statewide Housing Justice for All Coalition who fights for greater tenant protections. "Because it feels like they come out all the time and they're renting really high, and I am like, okay, great. Like what's new? Rents high in New York and politicians are doing absolutely nothing about it.
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