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Wealthy New Yorkers Are Renting, Not Buying — And Manhattan's Luxury Market Has Never Been More Expensive
Manhattan’s ultra-luxury rental market is booming as wealthy buyers increasingly choose flexibility over ownership, driving a surge in rents above €43,000 a month.

Alexij K. Fartelj
Sep 3
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Wealthy New Yorkers Are Renting, Not Buying — And Manhattan's Luxury Market Has Never Been More Expensive
Manhattan’s ultra-luxury rental market is booming as wealthy buyers increasingly choose flexibility over ownership, driving a surge in rents above €43,000 a month.
Sep 3


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SambaNova Raises €850 Million at €9.4 Billion Valuation as Bezos's Blue Origin Nears €8.5 Billion Round at €111 Billion Valuation
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Tech Wealth Drives San Francisco “Hyper-Bidding” as 144 Homes Sell Nearly €1 Million Above Asking in 2026
San Francisco’s luxury housing market is seeing unprecedented bidding activity, with 144 homes selling far above asking prices in the first half of 2026 as technology-sector wealth, limited inventory, and strong financial markets drive competition.
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Jul 3


Dow Hits Record High on Weaker-Than-Expected June Jobs Data, Easing Fed Rate Hike Concerns
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