It’s a trend that will likely continue in 2022, as momentum shifts away from the suburbs and international travel returns unless new Covid variants interfere.
Despite Deep Rent Cuts, Essential Workers Are Mostly Left Out
The pandemic has led to deep discounts in New York’s rental market, but the city is still unaffordable for many of the city’s most vital workers
Even though median rents in New York City have dropped by as much as 15 percent during the pandemic, most essential workers still have trouble finding affordable homes.Credit.Brittainy Newman/The New York Times
Feb. 17, 2021
Two things have been true since the pandemic flattened New York’s rental market last March: prices have fallen sharply, but not for the people who need relief most.