Pursuits

Manhattan Apartment Rents Jump as More New Yorkers Stay Put

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By Prashant Gopal and Katie Spencer

October 13, 2011 at 6:16 PM UTC

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Manhattan apartment rents climbed

4.9 percent in the third quarter from a year earlier as tenants opted to renew leases in a tightening market, leaving home-seekers to compete for fewer vacancies.