There’s no apartments to rent in Manhattan

The New York Post reports:

Almost 99 percent of Manhattan rentals are currently occupied, according to a new market report.

The vacancy rate is now 1.07 percent, the lowest it has been in three years, Citi Habitats reports.

Last year at this time, Manhattan vacancies were at 1.17 percent.

At the same time, rents are at their highest. Manhattan dwellers pay, on average, $4,081 a month — from Inwood to the Financial District — for the privilege of living in Gotham.

Thanks rent control for limiting the supply of housing!