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World 26 Oct 2020 | 1:43 AM

Manhattan median rent falls below 3,000 USD in Q3, 1st time in 9 years

NEW YORK, Oct. 25 (Xinhua) -- A record-high share of rent cuts contributed to a Manhattan median asking rent of 2,990 U.S. dollars in the third quarter of 2020, the first time this figure has been below 3,000 dollars in nine years, according to industry leader StreetEasy's Q3 2020 Market Reports issued recently.