manhattan

NYC rent hits a new record, no break for New Yorkers in sight

NYC rent hits a new record, no break for New Yorkers in sight

These small-town blues, they are melting away. I’ll make a brand new start of it in old New York — but will I be able to pay? Record-high New York City rents, following a pandemic-era plunge into record lows, continue to hit all-time, and bank-busting, highs — and July was no different. That’s according to …

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Average Manhattan rent breaks $5,000 for the first time in history

Average Manhattan rent breaks $5,000 for the first time in history

The average rental price in Manhattan has topped $5,000 for the first time in Big Apple history, according to a jaw-dropping June market report compiled by Douglas Elliman and Miller Samuel. Specifically, the study tallied an average Manhattan rent of $5,058 per month, which alone would set a city tenant back nearly $61,000 a year. …

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‘America is expensive’: NYC tourists spending less over Biden inflation, merchants say

‘America is expensive’: NYC tourists spending less over Biden inflation, merchants say

Americans aren’t the only ones outraged by surging inflation — even tourists are suffering sticker shock when they touch down in the Big Apple! Small business owners raised the specter that skyrocketing prices were hurting the city’s crucial tourism sector as the Bureau of Labor Statistics said Wednesday that the Consumer Price Index hit 9.1% …

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‘It’s just crazy’: Inflation hammers New Yorkers as consumer prices surge to 40-year high

‘It’s just crazy’: Inflation hammers New Yorkers as consumer prices surge to 40-year high

Eye-popping price increases are forcing New Yorkers to cut back on their spending — and even go into debt — amid inflation rates that hit a 40-year high Friday. The latest monthly figures from the US Bureau of Labor Statistics show that the average price of all consumer goods surged 8.6% during the 12 months …

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