Rents at complexes such as Stuyvesant Town-Peter Cooper Village are set to stabilise. Photo: Bloomberg

Manhattan rents drop for first time in two years; may be close to plateau

Median monthly cost of a flat falls to US$3,095 as tenants rush to buy homes with interest rates rising or seek better deals to stay put

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Rents at complexes such as Stuyvesant Town-Peter Cooper Village are set to stabilise. Photo: Bloomberg
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