New York real estate
Manhattan Apartment Rents Reach Record High Despite Mamdani's Housing Affordability Platform
Dec 11, 2025 03:39 pm CST
Manhattan apartment rents hit unprecedented highs in November 2025, with median prices reaching $4,750, a 13% year-over-year increase. Despite Zohran Mamdani's recent mayoral victory on a housing affordability platform, experts report no "Mamdani effect" but instead cite limited supply and strong demand, particularly in the luxury segment where prices surged 18% annually.
Zohran Mamdani's Fight Against New York's Affordability Crisis Fuels His Mayoral Campaign
Oct 27, 2025 01:49 pm CST
Democratic socialist candidate Zohran Mamdani has surged to the front of New York City's mayoral race by focusing on the affordability crisis. With median rents exceeding $4,000 and grocery prices soaring by 8.9% in the past year, Mamdani's platform includes freezing rents for two million residents and creating city-owned grocery stores. As New Yorkers head to polls on November 4, his message "for a city we can afford" resonates with the 25% of residents struggling to meet basic needs.