rents have risen at a record annual rate joining us for a look at the data and rental market is scott durkine ceo of douglas elman. i want to say in hindsight it was so easy to call it, but even back then you had to figure that manhattan real estate was going to bounce back are you surprised at all at how quickly it's done so >> i think we are surprised, but then again, when you look at the numbers, last year at this time we had over 75,000 rentals, and i believe today it's just shy of 31,000 so that's a lot in one year. so yes, we're in many ways shocked and then we've been too busy to even think about it. >> so if that's the case, what exactly then is driving it, if we've still got so many fears about being in urban settings, return-to-work plans being shelved by a number of different companies in other parts of the country, is there anything that's serving to cooloff that rental market in any way, shape or form, scott >> i think we've seen the job market come back with a big force. and people are now getting more money. so they're able to spend more on rent so we didn't expect that to hap