Why Manhattan Condo Prices Have Dropped, Yet Rents Keep Climbing: Unpacking the Paradox
One-third of Manhattan condos sold at a loss between July 2024 and July 2025. Manhattan’s property values experienced significant volatility, with prices dropping from $1,562 per square foot in 2015 to $1,108 per square foot by 2025. High rental costs and a lack of first-time buyers are reshaping the housing landscape in New York City. […]
