New York City Takes the Lead as Rents Grow Rapidly Nationwide
- Demand is soaring, pushing New York prices up 5.7% in July
- Across the U.S., rents are higher than their pre-pandemic path
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New York City rent growth is outpacing the rest of the nation as the city’s apartment market roars back from the depths of the pandemic.
Rents in New York rose 5.7% in July from June, the biggest gain among the country’s 100 biggest cities, according to Apartment List. That compares with a 2.5% increase across the U.S.