The median asking rent in New York City rose 2.1 percent from October 2023 to October 2024, according to a report from StreetEasy. But even if the average rental is a bit more expensive, the annual growth rate has slowed as inventory has increased,
David Hedges and Joel Auville recently considered moving. There’s a lot of large-scale, long-term construction right outside their windows. “With this new building,” Mr. Auville said, “we were depressed, thinking we were going to lose light.” There