Real Estate

New York surpasses San Francisco as most expensive rental market

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The setting sun reflects off One World Trade Center and the skyline of lower Manhattan in New York City as the moon rises on March 7, 2020 as seen from Jersey City, New Jersey.

Gary Hershorn | Getty Images

New York City now holds the top slot as the most expensive apartment rental market in the nation.

The coronavirus pandemic caused a massive disruption to New York’s real estate market early on, but demand has since turned around. Rents are not only rebounding but returning to pre-pandemic levels.

New York is now slightly more expensive than San Francisco, according to a new report from Zumper, an apartment listing website, which has been tracking rental markets since 2014.

Just two years…



Source cnbc.com

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