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Manhattan Growth CrestingAfter a strong run, Manhattan multifamily is slowing down to more sustainable levels. Rents were flat on a T3 basis as of November, even as occupancy growth remained positive over 12 months and transactions surged to the best year since 2016.
After a strong run, Manhattan multifamily is slowing down to more sustainable levels. Rents were flat on a T3 basis as of November, even as occupancy growth remained positive over 12 months and transactions surged to the best year since 2016.
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