Thoughts on Manhattan property, one of the world's best investments.
Friday, April 13, 2012
Manhattan New York rents reach record
Wall Street Journal reported the average rent in Manhattan in March at $3,418, topping pre-recession levels. Citywide, rents increased by 7% in the first quarter of 2012. Vacancy rates remain a very low 1.22% as Manhattan's sky high property prices make buying a home out of reach for many residents.