After a brief respite in March, Manhattan's median apartment rent continued heading back to record territory in April.

The median rent in April in Manhattan was $4,250, a 3.7% increase from the previous month, as the number of new leases in the borough surged by nearly 15% to 5,482, according to the latest Elliman Report.

The Manhattan median set a new record for the month of April, according to Elliman, but it still has a way to go to reach last summer's benchmark of $4,400, the all-time monthly record.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.