Mark D. Levine(@MarkLevineNYC):Rents in NYC have just hit an all-time high. Median market rate in June… Manhattan: $5,295/mo (+8.2% year-over-year) Brooklyn: $4,350 (+8.1%) NYC’s housing affordability crisis is at DefCon 1. We need to push harder on every front to address our housing shortage. Update zoning, invest more City $ in affordable units, lower the time & cost City bureaucracy imposes on construction, get 1000s of vacant regulated units back on the market. We need bold action. This is a crisis.

2026.07.12 14:43

Rents in NYC have just hit an all-time high. Median market rate in June… Manhattan: $5,295/mo (+8.2% year-over-year) Brooklyn: $4,350 (+8.1%) NYC’s housing affordability crisis is at DefCon 1. We need to push harder on every front to address our housing shortage. Update zoning, invest more City $ in affordable units, lower the time & cost City bureaucracy imposes on construction, get 1000s of vacant regulated units back on the market. We need bold action. This is a crisis.

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