NEW YORK: Manhattan’s apartment renters got a break in November, with leasing costs dropping after two straight months of increases.
The median face rent – before landlord concessions are factored in – fell 1.3% from a year earlier to US$3,318, appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate said in a joint report yesterday. It was the fourth annual decline in the past six months and followed surprise hikes in September and October.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!