The number of empty rental apartments in Manhattan nearly tripled compared with last year, according to a report from Douglas Elliman and Miller Samuel.
Analysts say the rental market is the best barometer of overall strength in Manhattan's real estate market, since rentals account for 75% of apartments and that market reacts more quickly to demand changing than the sales market.has been fueled in large part by Manhattan renters leaving the city. The fall is generally a slow period in the Manhattan rental market, especially before an election, Miller said.
Corporate world is in shaky, without them will be most difficult to come back
Thanks to Liberal Politicians and all the idiots who vote for them every single time. Mental
'Analysts say the rental market is the best barometer of overall strength in Manhattan’s real estate market, since rentals account for 75% of apartments and that market reacts more quickly to demand changing than the sales market.' NYCRiots
It is no wonder renters are fleeing in droves, the cost of units in NYC are out of touch with the economic realities of the entire World, let alone in the city and they have been for years!
NYGovCuomo way to go !!!!
Go Democrat, go broke!
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Guess SenSchumer is going to have to pay more in property taxes next year.
Thank you Gov Cuomo and Mayor DeBlassio- this just the beginning of the end of NYC. Nobody feels safe there (or Rochester) anymore.
Buyers market. Lotta deals. Attack a soft market with cash.
No kidding. DeBozo turned NY into a shitehole. What do you think would happen?
Who would want to live in that city anymore?
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Rent will fall and it will again be attractive to young folks. Sounds like good news for the next generation of Manhattanites
🤷🏻♂️
And it's only the beginning.
That’s what the crooked governor gets! Do you ever write about how many people Cuomo was responsible for when he took all of the seniors off the ships the president provided for his state? Let people die before you so this president would not look good at all!! Noooo....
Por que? The New Democrat Party • BLMAnarchists • ANTIFA • SOCIALISM Never vote ° DEMOCRAT °
Surprised?
How's that Marxist mayor working out for ya?
The trend will not only continue but accelerate as NYC becomes more expensive and dangerous by each day.
Get woke, go broke!
Strange? Is something going on? 😆
Greed is coming back to bite them 😎
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Damn shame
Enabling violence runs people off. Shocker..deBlasioMustGo
I wonder are they leaving or just all dead thanks to Deblasio policies? greggutfeld TheFive
The Manhattan real estate market never stays down for long.
Let me guess: safety?
Crapitalism, ammirite?
This is the result of the democratic party.
Must be Trumps fault
A disaster which will even widen ... and impact financial institutions
Trump is blameworthy of this!
Just the start of a major move out of NYC. No longer a safe and desirable place to live.
Good
Wait until the evictions happen thanks to the GOP.
walkaway from Dems cities
Rates down only 5-9%? Squeeze them harder. Let's see some better discounts.
Enlist Airbnb
Socialism sucks!
Wow!
Deblabbio and Cumo can fill them up with all the criminals they released from prison.
Meh. I remember the 70s, everyone said nyc was gonna die soon, same with chicago in the early 90s, every major city has ups and downs. 5-10 years from now those that took advantage of this time to buy properties in big cities will be rolling in dough.
much needed
AlfredSpellman Yeah. People can afford to live in NYC again.
good I can get a deal now
Welcome to BilldeBlasio and NYGovCuomo world! coronavirus CaliforniaFires
Good - suck it DeBlasio & Cuomo.
People are Dying! People are Sick! Trump’s Leadership Has Not Been Worth a Lick! People are Jobless! People are Destitute! Complicit in US’ Covid Spread; This WH Needs the Boot! Boo$ting Cronie$ Wealth from Taxe$ to $upplement, Hasn’t & Won’t, Help Most Americans Pay Their Rent!
Open the restaurants..!
About time for it to plunge, even hardened New Yorkers don’t want to be spending half their rent on walk up shoeboxes.
Amazing how the same issue is happening in Democrat-run cities. They will sacrifice their own cities for an anti-President talking point
I heard airbnb profits rising in this environment, why wouldn't they rent them on airbnb? Are there specific regulations that prevent this in NYC?
Can’t blame them, Democrats ruining all cities.
Only $3,500 for a 1 bedroom now?
Sheeshhhh
TrumpsAmerica
NYGovCuomo Resign you are failing miserably
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