Manhattan and Brooklyn’s Red Hot Rental Markets Are Cooling Down

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Rents in January cooled in both boroughs, according to two real estate reports out yesterday.

Rents in January cooled in both boroughs, according to two real estate reports out yesterday. The average price of a Manhattan rental apartment was $3,211, $23 less than in December, marking the fifth consecutive month of declines, according to a report from Citi Habitats.

Read more at NY Daily News.

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