08/19/2019
Wall Street Journal Article:
Manhattan, Brooklyn Rents Soar to New Highs
https://www.wsj.com/articles/manhattan-brooklyn-rents-soar-to-new-highs-11565841660
By Josh Barbanel
Aug. 15, 2019 12:01 am ET
Manhattan and Brooklyn rents in July surged to their highest levels in at least a decade, turning the hunt for an apartment into a madcap ordeal for some renters.
In Brooklyn the median rent rose to $3,000 a month, a record. Manhattan rents hit $3,595 a month, which was only $100 a month below the record set in February 2009, according to a market report by Douglas Elliman Real Estate.
Manhattan and Brooklyn rents in July surged to their highest levels in at least a decade, turning the hunt for an apartment into a madcap ordeal for some renters.
