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Elliman Report: Manhattan Rentals 3Q 2011

…The median rental price, without concessions, was essentially unchanged year-over-year at $2,995. However, median rent with concessions (net effective monthly median rent), increased 4.9% over the same period to $2,970 from $2,831. Approximately 8.6% of new leases had some form of landlord concession compared to 45% in the prior year quarter…

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