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New York Rents Are Charging Back

New York Rents Are Charging Back

After apartment rents in New York came way down during late 2008 and throughout most of 2009, the metro now is seeing one of the strongest comebacks in pricing power recorded across the nation. Measuring change on a same-store basis, effective rents jumped 9 percent during the first half of 2010, enough to push annual change into notably positive territory at 5.8 percent.

September 8, 2010 by Greg Willett