NYC rent is still too damn high — Manhattan typical monthly charges hit record $4,000, up 25% in one year

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New York Daily News

Welcome back to the Big Apple. Now pony up. Pandemic-weary New Yorkers who fled the five boroughs at the height of the coronavirus crisis are returning to a city where the median Manhattan rent reached $4,000 for the first time ever, a new report says. According to realtor Douglas Elliman, the skyscraping Manhattan rent in May was just over 25% what it was a year earlier, when the median rent was $3,195, a relative bargain at the time. The figure also represents a 2% increase over what the rent was in April. The average rental price in Manhattan was just under $5,000 in May. “These rents are a…

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