Thursday 11 June 2020

Manhattan rental vacancy rate is highest in 14 years

It has been a while since it was this hard for landlords to fill an apartment in New York City. Manhattan’s vacancy rate hit a new high in the 14-year history of a monthly rental report as new leasing activity in the borough was down 62 percent last month from a year ago. It was also 54 percent lower in Brooklyn and 61 percent lower in Queens. Though large, the year-over-year declines were not as



source https://therealdeal.com/2020/06/11/manhattan-rental-vacancy-rate-is-highest-in-14-years/

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