Following the lead of Curbed readers who weighed in on our State O' the Rental Market discussion earlier this week, more data showing falling Manhattan rents surfaces today. This Citi-Habitats report (note: PDF) shows not just steep year-over-year declines but even solid month-over-month declines. Average 1BR rents, for instance, slid below $2,500 from $2,513 to $2,449. And the beat goes on. [Citi-Habitats via The Real Estate]
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