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As temperatures rise in New York, so too has the rental market. Median Manhattan rent reached a new record high in May, at $4,571 per month, rising nearly 8% year over year, according to the monthly rental report by appraiser Jonathan Miller for Douglas Elliman.  Median rents have been generally on the rise since November, […]

This article originally appeared on The Real Deal. Click here to read the full story.

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