Even celebrities are facing a new real estate reality in New York City as inventory rises and demand falls. Singer-songwriter Vanessa Carlton recently dropped the price of her Soho rental to $15,500 per month, from around $17,500 per month, the price she had been asking for the apartment since first putting it on the market in 2014.

Make your way Downtown

Singer/songwriter Vanessa Carlton’s gorgeous Soho loft at 182 Lafayette Street is on the rental market once again for $17,500 a month. Carlton purchased the classic downtown loft in 2004 for $1.83 million, and after renovating and furnishing the the 2,500-square-foot two-bedroom home in true downtown diva style, she has been renting it out since 2014.

Tour the loft