By DAWN WOTAPKA And LAURA KUSISTO
Manhattan’s rental rates have topped prerecession levels as landlords maintain the upper hand in a supply-constrained market.
The average Manhattan apartment commanded $3,418 in monthly rent in March, according to a first-quarter report to be released on Thursday by brokerage Citi Habitats, That is the highest rate since the firm began tracking such data in early 2002—topping the previous record of $3,394.
And sky-high rents aren’t limited to Manhattan: Citywide [...]
