Manhattan apartment rents fell as much as 5.9% last month from a year earlier, and the vacancy rate topped 2% for the fifth consecutive month, the real estate brokerage Citi Habitats Inc. said Monday.

Average rents declined for apartments of all sizes, Citi Habitats said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.