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  • Writer's pictureDominic Konareski

Manhattan Rent Prices Continue To Set New Records

Manhattan, New York, continues to have rent prices skyrocket as more people leave the Empire State. In Manhattan, average rent prices topped $5,000 for the second straight month in July, increasing 1.1% to $5,113 from $5,058 in June. A year ago rent was at $4,009 as the average. The rent gains reflect a broader trend in the rental market in the U.S. that has gotten increasingly competitive over the past several months.

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