And for many people with families, high rents continue to be a major deterrent to living in New York City.
As rents throughout the city continue to rise, commercial leases are getting shorter.
The rule on existing tenants in apartments purchased by investors is clear: the rent continues to be regulated.
Thereafter the food continued to impress, and the rent, it seems, continued to rise.
The state's economy is strong, businesses are growing and rents continue to rise, although not as rapidly as in the last two years.
While rents continue to rise, it's not sending people out of the city.
He took solace in the fact that rents continued to climb during the last 18 months.
But vacancies have yet to show any sign of declining, while rents probably will continue to do so.
But at the same time, one large developer of rental developments said that rents have continued rising in its Long island projects.
They reckon that prices and rents will continue to rise.