The bottom line:
- Manhattan rents were up 10.1%, the biggest average increase in rent since the end of 2006.
- Manhattan monthly rent for a one-bedroom apartment averaged $2,672 while monthly rent for a two-bedroom averaged $3,757.
- The Manhattan vacancy rate fell to 0.72% - the lowest vacancy rate on record since 2002.
- Just 11% of apartment transactions in New York last month included some type if concession, less than half of the 28% that did in June 2010.
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