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the rent on his two bedroom manhattan apartment is going up. his landlord just increased the price from $4,500 a month to $6,000. we knew it would go up. i obviously had expectations of it going up, but probably not by that much. for him and his family, it s the final straw. they re packing up and leaving the city. we did look at trying to find a place in manhattan, but firstly the inventory was so low. and secondly, the kind of rates that landlords are now expecting are so high. so it left us with no choice but to look further afield. and we re actually moving to newjersey now. this is a perfect example of what you can get in new york city on the upper east side for under $5,000. for the first time in the big apple s history, the average rent in manhattan is $5,000 a month, yet demand remains strong. this 375 square foot one bedroom just leased for $4,500 a month. so how fast does an apartment like this go? usually it takes about 24 48 hours the most

Average manhattanNew yorkUpper east side