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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

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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