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The Capital Region of New York has seen a 214% increase in people relocating from the city and elsewhere.
The influx of new residents has led to a housing shortage and apartments being rented sight unseen.
Newcomers love the livability, location, and opportunity to get twice the space for half the cost.
Last summer, real-estate developer Redburn Development received 2,000 showing requests for just 93 units at its latest redevelopment project, the Kenmore Apartments, an 1878 Victorian building located in Albany, New York.
The building opened in fall 2020, and the rate of initial inquiries were more than double the requests for other newly available properties pre-pandemic, Jeff Buell, principal at Redburn Development, told Insider. He added that a lot of the building s interest was fueled by New York City residents looking to relocate.
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