Median rent drops for new development units - Rava Realty

Median rent drops for new development units

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Rent is down across most metrics in Manhattan — according to Miller Samuel data, median rental prices in Manhattan fell 1.8 percent in April year-over-year, dragged down by softness in the top 10 percent and in new development units, which fell 7.8 percent in April compared to the same month last year.

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