With prices averaging $4,000+ a month, affordable housing remains in crisis mode across Manhattan. But there were some surprise findings recently: a drop in asking prices that landlords are seeking for rentals in many downtown neighborhoods. Is fear of congestion pricing prompting new renters to look elsewhere?
The rental landscape in Manhattan took a slight dip in February, fueled by dips in many downtown neighborhoods, even while Brooklyn and Queens rental prices soared.
While it may be too early to tell if the dip fueled by lower asking prices downtown is an aberration or the start of a trend, at least one...