The median monthly asking rent of single family homes and apartments in Manhattan, New York plummeted in 2020, following the coronavirus (COVID-19) pandemic outbreak. The average rent in Upper East Side fell to ***** U.S. dollars, only to surge in the next two years. In 2024, a residential property in Downtown Manhattan had an average rent of nearly ***** U.S. dollars.

Rental rates in the United States increased steadily since 2008. In 2023, the producer price index for gross rent in office buildings reached ***** index points. This means that between 2008 when the index value was set to 100 and 2023, gross office rents grew by about ** percent. Manhattan, San Francisco, and Boston are among the biggest and most expensive markets for office space in the United States.

Regional Price Parities: Services: Rents for Manhattan, KS (MSA) was 71.86500 Index in January of 2023, according to the United States Federal Reserve. Historically, Regional Price Parities: Services: Rents for Manhattan, KS (MSA) reached a record high of 100.90200 in January of 2013 and a record low of 67.74100 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Regional Price Parities: Services: Rents for Manhattan, KS (MSA) - last updated from the United States Federal Reserve on June of 2025.

This statistic presents the prime office rent index for New York from 2006 to 2013 and a forecast thereof until 2019. The index value was equal to 100 in 2006 and the index values in the following years represent the change of prime office rent price. The value of prime office rent index in New York amounted to ***** in 2013 and it was projected to increase to ***** in 2019.