Record rent soaring up 9.3% in Manhattan and 14% in Brooklyn

Manhattan Rent

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Rent in Manhattan soared to a record-high average of $5,588 in July, up 9% from 2022.
  • It’s hurting tenants struggling to find apartments they can afford. One apartment hunter said she can’t find a studio to suit her work-from-home needs for less than $5,000.
  • “I am considering not coming back to Manhattan,” she said.
  • “Rent went up at 9.3% in Manhattan. We saw it go up 14% in Brooklyn because now Brooklyn landlords are saying these people from Manhattan can’t afford it, how much can I raise my rent?” said Sanai.

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