After a brief respite in March, Manhattan's median apartment rent continued heading back to record territory in April.
The median rent in April in Manhattan was $4,250, a 3.7% increase from the previous month, as the number of new leases in the borough surged by nearly 15% to 5,482, according to the latest Elliman Report.
The Manhattan median set a new record for the month of April, according to Elliman, but it still has a way to go to reach last summer's benchmark of $4,400, the all-time monthly record.
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