NYC housing crisis hits 'DEFCON 1' as rents jump to more all-time highs

The city’s housing crisis has hit “DefCon 1” — with average rents for a one-bedroom in Manhattan hitting an all-time high of nearly $5,500 last month, and Brooklyn following suit, according to new ...
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NYC’s housing crisis hits DEFCON 1, comptroller warns as rents surge to record highs — is Mamdani’s affordability plan working?

This article adheres to strict editorial standards. Some or all links may be monetized. New York City Mayor Zohran Mamdani swept into office promising to tackle one of the city’s most punishing ...