A Look Back: The Sky High Price Of Rent In Manhattan
With everything costing consumers more, it would stand to reason that rent prices would also be on that list. However, the way that the prices for an apartment have skyrocketed in Manhattan (and elsewhere around the country) has reached staggering heights. In Manhattan, you cannot find an apartment for less than 4k. Even then, you are paying way more for the apartment than what it's worth most times. The question is, how long is this sustainable?
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source:
https://nypost.com/2022/06/09/median-rent-price-in-manhattan-reaches-4000-for-first-time/