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Manhattan’s Solid PositionAlthough slowing, rents in Manhattan were up 7.8% YoY through March, to $4,631 on average. Investors maintained interest in the borough, with 2022 multifamily sales at $4.9 billion, the highest recorded since 2015.
Although slowing, rents in Manhattan were up 7.8% YoY through March, to $4,631 on average. Investors maintained interest in the borough, with 2022 multifamily sales at $4.9 billion, the highest recorded since 2015.
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