For months, record rents have been the norm for Manhattan.  December was no different, when median rent for a brokered, market-rate lease in Manhattan was $4,720, the second-highest number on record, according to a new report from Miller Samuel for Douglas Elliman. The number also marks a 9 percent annual increase.  The numbers show that despite flagging mortgage rates and a change in the season, high demand is the dominant force in New York City’s rental market.  “We’re not expecting any relief for tenants in 2026,” said report author and appraiser Jonathan Miller.  The trend in high rents started in […]

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