The median monthly rent in Manhattan rose 3.1 per cent last month from a year earlier to US$3,300. Photo: Bloomberg The median monthly rent in Manhattan rose 3.1 per cent last month from a year earlier to US$3,300. Photo: Bloomberg
The median monthly rent in Manhattan rose 3.1 per cent last month from a year earlier to US$3,300. Photo: Bloomberg
Property /  International

Manhattan rents rise to 5-year high in busiest season

Monthly leasing costs climb 3.1 per cent to highest in five years as more people get hired

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Bloomberg
Bloomberg

Updated: 5:54am, 13 Jun, 2014

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The median monthly rent in Manhattan rose 3.1 per cent last month from a year earlier to US$3,300. Photo: Bloomberg The median monthly rent in Manhattan rose 3.1 per cent last month from a year earlier to US$3,300. Photo: Bloomberg
The median monthly rent in Manhattan rose 3.1 per cent last month from a year earlier to US$3,300. Photo: Bloomberg
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