In New York City, luxury rents average £2,300 (US$3,238) per week, making the city home to the most expensive prime rentals in the world, according to an analysis being released tomorrow by the Savills World Research team. The price increase of 5.4% from last year has been aided by a wealth of new prime supply that’s boosted the quality of prime rental market and, in turn, rents. But discounts are increasingly being offered to fill new buildings (and achieve these higher rents on the books), the analysis said.
Article by Mansion Global
