Zohran Mamdani: “Average rents [in Manhattan] recently hit their all-time…”

“Morning, everyone. Good morning. All right. We are gathered this morning in lower Manhattan, a borough where Average rents [in Manhattan] recently hit their all-time high with a nearly 10% surge above last year's average. And this story is the same across the city that we call home. Higher prices, fewer available units, virtually nothing on the market for working people.” (00:18–00:26)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.