New year, same rental market.  That was the story for January rents in the city, where median rent for a brokered, market-rate lease in Manhattan was $4,695, the third-highest number on record, according to Miller Samuel’s monthly rental report for Douglas Elliman.  The median rent was up 8 percent from last year, and down just slightly from December’s numbers.  “We’re just in this mode of steadily rising rents and until we see more of a drop in mortgage rates,” said report author Jonathan Miller. “I think that trend is going to be sustained for a while.”   The luxury rental market […]

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