Daily Market Updates: Manhattan luxury rentals hit $100,000 a month as wealthy demand surges

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Manhattan luxury rentals hit $100,000 a month as wealthy demand surges

CNBC reports brokers are seeing more high-income renters, pushing Manhattan luxury rents to record levels.

Reported · Written up by our desk · Residential

Manhattan’s luxury rental market is heating up, with some units now commanding as much as $100,000 per month, according to brokers cited by CNBC.

CNBC Markets reports that the rise in wealthy tenants is increasing competition for high-end apartments, helping drive Manhattan rents to new records.

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Sources

CNBC MarketsManhattan's luxury rental market is booming, with units reaching $100,000 a month

CNBC Real EstateManhattan's luxury rental market is booming, with units reaching $100,000 a month

Real Estate

Manhattan luxury rentals hit $100,000 a month as wealthy demand surges

More like this

Sources

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