The Briefing Room
General Category => Economy/Business => Topic started by: Wingnut on September 10, 2020, 01:47:03 pm
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The number of empty rental apartments in Manhattan nearly tripled compared with last year, according to a report from Douglas Elliman and Miller Samuel.
The inventory of empty units, which rose to 15,000 in August, is the largest ever recorded since data started being collected 14 years ago, the report said.
Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely.
https://www.cnbc.com/2020/09/10/manhattan-rental-market-plunges-leaving-15000-empty-apartments.html (https://www.cnbc.com/2020/09/10/manhattan-rental-market-plunges-leaving-15000-empty-apartments.html)