New study says media workers are paying big rents in NYC

Move over Masters of the Universe, the new big spenders on real estate work in media and tech.

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But you’d be wrong—and the correct answer will probably surprise you.

According to The Wall Street Journal, bloggers and tech geeks are making waves in the city’s rental market by paying Manhattan rents. A new report from Nancy Packes, a consultant to real estate developers, shows up uptick in rentals among media and tech workers and a downward trend among financial workers.

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