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Why are Manhattan rents so high?

high manhattan rents
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Why are Manhattan rents so high?

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Manhattan rents tend to be high due to supply and demand. Manhattan is an island with only so much available space; it is a finite piece of real estate. Many people want to live in Manhattan. It is the center of business, commerce and entertainment. Therefore, due to a finite supply coupled with an ever-growing demand, the prices are commensurate.

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