Manhattan Rent Keeps Climbing

Brokerage Citi Habitats reassured the city’s landlords last month that Manhattan’s rental market had fallen back into its traditional seasonal pattern, and the firm’s fourth-quarter report, released this morning, backs up the claim. Rents ar…

Brokerage Citi Habitats reassured the city’s landlords last month that Manhattan’s rental market had fallen back into its traditional seasonal pattern, and the firm’s fourth-quarter report, released this morning, backs up the claim. Rents are up, and the vacancy rate, while higher than it was this summer, is lower than the December 2009 stats.

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