Inhabit by Corcoran

Manhattan median rents remain plateaued versus June at a record high of $5,295 per month, while they climbed 6% when compared to last July. While still an intense environment for renters, conditions in Brooklyn were slightly more moderate.

Manhattan renters are chasing a shrinking pool of available apartments, and the result has become predictable — record rents. Brooklyn’s rental market is also rewriting the record books.