New York: The great Manhattan rent surge of 2019 is tapering off.
Apartments leased for a median of US$3,409 in October, up 0.7% from a year earlier, according to a report by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate. It was the second consecutive increase of less than 1%. Before that, rents had climbed at least 3% in almost every month this year.
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