Manhattan rents rise again but only with doormen in the building

Rents are climbing again in Manhattan — but only in buildings with doormen.

The median price of those apartments, in fancier towers with more amenities, jumped 8.1% in August from a year earlier, to $4,160, according to a report today by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. It was the biggest annual increase for doorman rents since 2012.

At the other end of the spectrum — in buildings without doormen, and few, if any, other frills — rents continued their pandemic-era plunge. The median price for those units fell 12% to $2,595. 

The divide reflects a tale of two Manhattans: In one, well-heeled

→ Continue reading at Crain's New York Business

[ufc-fb-comments url=""]

Latest Articles

Related Articles