NYC Rents Hit Highest Level In History While Mamdani Moves Forward With Freeze

New York City’s boroughs have hit record-high market rents as Mayor Zohran Mamdani moves forward with a policy to freeze rents for roughly two million residents.  Gary Malin, chief operating officer of real estate brokerage Corcoran Group, said Manhattan and Brooklyn posted record median monthly rents of $5,295 and $4,350, respectively.  “Across the board, quality ...