Real Estate
NYC Apartment Renters Get a Break But Bargains Remain Elusive
- Manhattan median is $200 below record after string of declines
- Leases jump, signaling the market’s still fiercely competitive
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New York rents continued ticking down in September, but apartment hunters hoping for significant relief may have a long wait.
In Manhattan, the median rent on new leases fell 3.4% from a year earlier to $4,200, brokerage Douglas Elliman Real Estate and appraiser Miller Samuel Inc. reported Thursday. Prices also slipped in Brooklyn and Queens.