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Manhattan Rents Have Record Jump as Tenants Seek Upgrades

Bloomberg business news
The New York City Housing Market Is Back: Freedman
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Manhattan apartment rents surged by the most on record as workers committed to finding nicer digs in the city in anticipation of a return to the office. 

The median rent rose 18% in October from a year earlier to $3,382, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Thursday. It was the biggest annual increase in data going back a decade, though rents are still below the October 2019 median of $3,409.