New York City continues to stay expensive. Particularly, median rents in Manhattan ticked up 6.4 percent year-over-year to hit a record of $4,500 in February, according to a report from Douglas Elliman.
Amongst property types, loft apartments shot up the most on an annual basis, surging by 25 percent to $8,750. Doorman rentals saw the smallest increase, with a four percent rise to $5,230.
Another category that set a record in Manhattan's rental sector was price per square foot, which increased by 7.6 percent to $90.65.
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