Manhattan renters, brace yourselves.
The average price tag for a place to live just hit a jaw-dropping $6,655 a month, an all-time high, according to fresh data from Corcoran Sunshine Marketing Group.
That’s a brutal 10% jump from a year ago, and real estate pros are pointing straight at Mayor Mamdani’s incoming rent freeze on stabilized units as one of the culprits, along with a looming pied-a-terre tax that brokers say is only going to squeeze the market harder. The pain is compounded by a record-low number of vacant apartments across the city, leaving desperate renters with almost nowhere to turn.
Read more at
https://nypost.com/2026/08/12/real-estate/manhattan-rents-reach-all-time-high-of-6655-per-month/
#manhattan #rent #mamdani #piedaterre
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