13,000 empty Manhattan apartments are sitting vacant — the highest number in 14 years - Business Insider

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13,000 empty Manhattan apartments are sitting vacant — the highest number in 14 years

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.There were over 13,000 apartments for rent in Manhattan during July, according to a report from the firmOther boroughs like Brooklyn are also seeing higher-than-average available rent listings, though rents have been more sticky.

While New York City real estate may be struggling, other areas in New York state are doing well in the real estate market. As New Yorkers leave the city to ride out the coronavirus pandemic elsewhere, over 13,000 apartments are up for rent in Manhattan alone— a record setting number — according to the latest monthly real-estate report fromThe vacancy rate is the third monthly record in a row, and the highest in 14 years that the firm has followed the market.

"The outbound migration is higher than the inbound migration right now," Jonathan Miller, CEO of Miller Samuel, an appraisal and consulting firm,. As demand continues to drop, brokers are offering various incentives — like Gift cards, cleaning services, and even waiving brokers fees — in order to close deals, he said.

 

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Wow those NYC apartments are empty and vacant. 🤨

Thank You Mayor Deblasio. Lesson learned..... Never vote for a 'Progressive'

NYCMayor Wilhelm Jr has made it too dangerous to live in nyc let’s all leave

Ok can I have one, FO FREE?

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