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Manhattan Rents Increase For The 26th Straight Month

…”None of these factors is expected to change significantly over the next year, so whether rents are rising (in Brooklyn) or stabilizing [in Manhattan], we don’t expect much relief to tenants over the next year,” says Elliman report author Jonathan Miller….

…Miller expects Brooklyn rents to see more and bigger increases than Manhattan down the line, just because they “were later to the party.”

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