NYC rents hit record highs as Jersey City building boom drives rents down ^55.1%

Fox Business - By Kristen Altus - 5/28/2026, 12:00 AM

Biased Writer Voice 40.1% - Post Hoc (False Cause) 29.1% - Appeal to Authority 25.1%

If you want to know how to fix America’s housing crisis, look no further than the stark divide playing out along the Hudson River. In Manhattan, where years of heavy regulation, strict zoning laws and a sub-2% vacancy rate have choked off new development, rents have just hit historic records. But in neighboring Jersey City, a massive... more