New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + Finance  | 
Manhattan Rents Skyrocket in First Quarter, Soho Leads the Way

Manhattan Rents Skyrocket in First Quarter, Soho Leads the Way

Manhattan renters had to deal with skyrocketing increases in their rental payments in the first three months of the year, according to data compiled by the rental services firm StreetEasy.

Median rents rose in every neighborhood, the data show. Some of the more sought after neighborhoods saw increases of 25% and more.

The biggest jump according to the data came from Soho and environs where rents soared by more than 50%. Rents are rising at the fastest pace since StreetEasy started compiling information in 2011.

Connect

Inside The Story

StreetEasy

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

Chase-09-cube
Money360-20-cube