From the NY Post: The latest Manhattan rental market reports confirm #rentis2damnhigh!

Rents are too damn high — and apartments are too damn scarce.

Manhattan rents soared 8.6 percent last year — reaching pre-2007-crash highs — while vacancy rates plummeted and residents grabbed apartments at a near-record pace, new industry reports show.

 

The average Manhattan apartment rent hit $3,309 a month, up from $3,046 in 2010. And the hikes were across the board, regardless of apartment size or location.

Studio and one-bedroom apartments were up 8 percent compared with 2010, Citi Habitats found. Two- and three-bedroom homes went up an average of 9 percent.

Read more: http://www.nypost.com/p/news/local/manhattan/renting_raving_iVI3dE39YvZxrsxirdbbMK#ixzz1jGnOTBAH