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Manhattan apartment rents hit $6,655 amid Mamdani's proposed rent freeze
Analysts suggested that proposed rent freezes and a new pied-a-terre tax helped drive the August surge. These measures belong to a broader affordability program led by Mamdani. Critics argue these policies are failing to lower costs. The price increase follows a trend of rising median asking rents across New York City. Some observers reacted to the record high rents on social media. The persistent housing shortage continues to drive Manhattan rents upward despite legislative efforts to regulate the market. Oops.Exclusive | Manhattan rents reach all-time high of $6,655/month amid Mamdani's rent freeze and pied-a-terre tax threatMamdani's affordability revolution stumbled as rent costs soar to record highs
