Thursday, June 11, 2015

Janet Please Stop the Pain: Average Rent in Manhattan is $4,081

Almost 99 percent of Manhattan rentals are currently occupied, according to a new market report.
The vacancy rate is now 1.07 percent, Citi Habitats reports.

Thew average rent is Manhattan is now, $4,081 a month. This tops the previous average rent record of $3,902, which was set in May 2014, according to the realty firm Douglas Elliman.

These rents, of course, would never be reached if Janet Yellen and her  team of money printers were madly at work boosting the money supply.


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