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Real Estate

Manhattan Rents Surge to Record on Demand for Doorman Buildings

Bloomberg business news
Silverstein Partners CEO: NYC Real Estate Coming Back

Apartment rents in Manhattan rose to a December record, fueled by demand at buildings that have doormen.

The median rent in New York’s most expensive borough climbed 16% from a year earlier to $3,475, according to a report Thursday from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. That was largely due to leases at buildings with doormen, where rents are now above pre-pandemic levels.