Asking rents are showing outsized growth. Manhattan. Photo by tifonimages/iStockphoto.com Although Manhattan fundamentals softened at the end of 2025, performance in the first quarter of 2026 points to another relatively solid year. Advertised asking rents were up 0.6 percent, on a trailing three-month basis through March, to an average of $5,479, far outpacing the national average.