After the closing of statistics for 2021 in NY, the results showed that the average rent for an apartment in Manhattan reached $4,440 dollars in December.

On the other hand, the most watched median net effective rent increased to $3,392, the highest level for December on record, according to statistics provided by Douglas Elliman and Miller Samuel.

Many landlords are trying to work with existing tenants to limit increases, some are quickly being priced out of a market that they will finally be able to afford in 2020.