Manhattan apartment rents posted strong jump in March

04/11/2013 | Bloomberg

The median monthly rent for a Manhattan apartment rose 6.7% in March, year over year, to reach $3,195, according to a report from Miller Samuel and Douglas Elliman Real Estate. That is the biggest increase in six months. Also notable was the 10% year-over-year increase in new leases signed for March, reaching 3,697.

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