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New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much?

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  • Jan 27, 2023
  • #RealEstate
Lane Brown
@LaneBrown
(Author)
www.curbed.com
Read on www.curbed.com
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Getting to the bottom of a COVID-era real estate mystery in New York City. All of the people who left the city should have left behind a surplus of empty apartments. What happened t... Show More

Getting to the bottom of a COVID-era real estate mystery in New York City. All of the people who left the city should have left behind a surplus of empty apartments. What happened to them? And why is it so difficult and expensive to lease one now?

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Matthew Yglesias @mattyglesias · Jan 27, 2023
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This article poses a good question: How can rents be up in NYC if the population is down? But it settles for unsatisfying conspiracy theories when there's actually a pretty clear answer.
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