New York led the rankings for the third consecutive quarter. Annual growth may have dipped from a high of 39 per cent last quarter to 31 per cent, but limited stock and continued demand is keeping rents elevated, according to Knight Frank. The number of properties for rent across Manhattan is down 5 per cent over the quarter but 65 per cent lower compared to pandemic times in September 2020, according to StreetEasy.
This story is from the December 29, 2022 edition of The Business Guardian.
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This story is from the December 29, 2022 edition of The Business Guardian.
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