"Although New York City was one of the rental markets that saw the steepest rent declines during the [COVID-19] pandemic, its median asking rent rebounded to pre-pandemic levels by spring 2022 and has continued to rise annually since then."
"The rental market in New York City remains very strong. Even in the dead of summer, properties are moving quickly and going for their asking price or, in some cases, over ask."
"To be able to afford to rent a typical place in Manhattan without spending more than 30% of your income on housing and utilities, you need a gross household income of $179,560 per year-or $14,963 per month."
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