Rent High

“New York City’s renters already wrote the nation’s biggest checks to their landlords, and in the third quarter they got bigger. The average monthly rental rate climbed 0.9% from the prior quarter — and 2% from a year earlier — to $3,049, real-estate research firm Reis Inc. said in a report to be released Tuesday. The national average is $1,073. The city is the only one of the 79 markets tracked by the company to have average rents topping $3,000.”