Manhattan neared the end of 2025 with sustained performance across fundamentals, albeit in the context of a slower economy, as per the latest Manhattan multifamily market report. Average advertised asking rents were down 0.5%, on a trailing three-month basis through November, to $5,607, 20 basis points below the U.S. figure, as noted in the U.S. multifamily market report<\/strong><\/a>. This was a sudden seasonal downshift, preceded by strong performance. New York City rents were up 5.7% year-over-year through November, ahead of all other markets tracked by Yardi Matrix by a significant margin.<\/p>\n