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Warpy

(110,909 posts)
3. Not my taste, either, but the rooms are decently sized
Tue Dec 1, 2020, 08:42 PM
Dec 2020

and the rent isn't that bad for Manhattan. I suspect vacancy rates are being driven by WFH, people trading convenience for space since working full time in a studio apartment is far from ideal, they can get enough square footage in an outer borough to be able to close a door on where they work. Or some might be out of work as their businesses catering to the financial district have closed and have decamped to bunk in with friends and relatives.

Whether it fills up again post Covid is anyone's guess. A lot of those businesses are just not going to come back.

Latest Discussions»Issue Forums»Economy»Vacancy Rate at Iconic Ma...»Reply #3