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NYC Rents Soared in Month Before Mamdani’s Election

NYC Rents Soared in Month Before Mamdani’s Election

by Phil Hall | Nov 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s rents continued to soar in the month before Democratic Socialist Zohran Mamdani was elected mayor. According to new data from Miller Samuel Inc. and Douglas Elliman, the median rent for all new Manhattan apartment leases in October was $4,600, up by...
Q1 Sales Up 29% in Manhattan Luxury Apartment Market

Q1 Sales Up 29% in Manhattan Luxury Apartment Market

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buyers in the Manhattan luxury apartment market opened their deep wallets during the first quarter, with sales surging 29% to 2,560 closed transactions, up from 1,988 one year earlier. CNBC, citing multiple data sources, reports the total value of Manhattan’s luxury...
Manhattan Average Rents Set New Record at $5,588 Per Month

Manhattan Average Rents Set New Record at $5,588 Per Month

by Phil Hall | Aug 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Living in the Big Apple is not for the financially faint of heart, as new data from Miller Samuel and Douglas Elliman recorded the average monthly Manhattan rent in July was $5,588, up 9% year-over-year and a new record. Manhattan’s median rent also set a new record...

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