Bidding wars in NYC: Tenants scramble for apartments, rents skyrocket as COVID deals vanish - USA TODAY

COVID concessions have largely disappeared in New York City with the average apartment rent in Manhattan now 11% higher than pre-pandemic levels.

• During the pandemic, rents fell in pricey markets like New York and San Francisco.
• But with people now flocking to the Big Apple, Manhattan rents are higher than before COVID.
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