Manhattan Rents Hit Record High as Mamdani Won Mayoral Election
Summarize this article with:
Live on Bloomberg TVManhattan Rents Hit Record High as Mamdani Won Mayoral ElectionDecember 11th, 2025, 5:43 PM GMT+0000Rents for Manhattan apartments surged to a record high in November, as Zohran Mamdani won the mayoral election in large part due to affordability concerns. New leases were signed at a median of $4,750 in the month, up 13% from a year earlier and 3.3% from October, according to data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman. Bloomberg's Paulina Cachero reports. (Source: Bloomberg)Bloomberg TechnologyThe only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Hosted by Emily Chang.More episodes and clips04:18Rivian Bets Big With New AI Chip and Lidar 44:09SpaceX Said to Pursue 2026 IPO | Bloomberg Tech 12/10/202506:13SpaceX IPO 'Seismic Event' for Space Industry: Will Whitehorn06:03More Sanguine About Paramount's Warner Bros. Bid: Needham's MartinThe David Rubenstein Show"The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business.More episodes and clips24:06The David Rubenstein Show: Ynon Kreiz24:05David Rubenstein Show: Kevin Hassett24:05The David Rubenstein Show: Maria Sharapova24:06The David Rubenstein Show: Justice Anthony KennedySee all shows