NYC rents hit record highs, new leases plunge as April market sees 'dramatic shifts'

… But apartment hunters should keep in mind a snapshot doesnt tell the full story First the seemingly bad news Many … and Queens Manhattan for example saw the highest net effective median rent average rent and averagepersquarefoot … a new lease renters are staying put But how can you assume what happened in Manhattan in April was a surge in lease …

By Jennifer White Karp |May 14, 2020 - 1:30PM