https://www.live-feeds.com/feed/luxury-real-estate-ceo-gives-blunt-response-as-nyc-rents-soar-over-100k-amid-new-pied-terre-taxContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/luxury-real-estate-ceo-gives-blunt-response-as-nyc-rents-soar-over-100k-amid-new-pied-terre-taxhttps://www.live-feeds.com/feed/luxury-real-estate-ceo-gives-blunt-response-as-nyc-rents-soar-over-100k-amid-new-pied-terre-tax#u60327Mon, 07 Sep 2026 17:15:52 +0000Manhattan luxury rental prices are surging, with some units now costing $100,000 per month. Nest Seekers CEO Eddie Shapiro attributes this boom to shifting market demand and the impact of a new pied-à-terre tax. While many units hit the $100,000 mark, some New Yorkers are paying as much as $150,000 in rent. The trend indicates a significant shift in how high-net-worth individuals approach New York City real estate, opting for high-end rentals over ownership to avoid specific tax burdens.Why it mattersA pied-à-terre tax targets secondary residences that owners do not use as their primary home.