NYC rents hit record highs as comptroller warns housing crisis at DEFCON 1

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โดย Moneywise·Read original
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New York City rents surged to all-time highs in June, prompting Comptroller Mark Levine to declare the housing affordability crisis at DEFCON 1. Manhattan's median monthly rent climbed to a record $5,295, up 8% from a year earlier, while Brooklyn's median reached an all-time high of $4,350, also up 8% year over year, according to a report from real estate brokerage Corcoran. Levine called for urgent action on multiple fronts, including updating zoning, investing more city funds in affordable units, and reducing bureaucratic delays on construction. The record rents come despite Mayor Zohran Mamdani's recent fulfillment of a campaign promise to freeze rents on roughly one million rent-stabilized apartments, a policy that applies to leases beginning between October 1, 2026, and September 30, 2027, but does not cap market-rate asking rents or immediately expand supply. Manhattan's rental inventory fell 16% from a year ago to 5,260 active listings, the lowest June level in three years, while the vacancy rate slipped to 1.49%.

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