Tuesday 29 September 2020

“On the verge of a tragedy:” The stark numbers of a pandemic-hit NYC

About 24,000 New Yorkers have lost their lives to the coronavirus. The city’s unemployment rate is 16 percent — twice the national average. And just 10 percent of Manhattan workers have returned to the office, putting into question the value of the city’s prime office stock. Personal income tax revenue is projected to drop by $2 billion this fiscal year. Only a third of hotel rooms are occupied, and Manhattan apartment vacancies crept over 5



source https://therealdeal.com/2020/09/29/on-the-verge-of-a-tragedy-the-stark-numbers-of-a-pandemic-hit-nyc/

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