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Manhattan apartment rents decline amid 35% surge in listings

Tenants shop for more attractive leases, while landlords are working harder to offer them
Friday, October 14, 2016 - 05:50

New York

MANHATTAN apartment rents fell last month as landlords' pricing power was hurt by a wave of new listings and tenants who shopped around for better deals.

The median monthly rent was US$3,396, down 1.2 per cent from September 2015, according to a report on Thursday by

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