By Upward News | Created at 2026-08-14 11:37:05 | Updated at 2026-08-14 12:37:39
1 hour ago
_WHAT’S HAPPENING_
Manhattan rents hit an all-time high of $6,655 per month in August, a 10 percent jump from last year.
The surge comes as socialist Mayor Zohran Mamdani's (D) rent freeze on stabilized units takes effect on October 1, alongside a new pied-à-terre tax on luxury second homes — a combination that could drive even more property owners to flee to Florida and other lower-tax states.
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