dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities

Rent Plummets In NYC

  • March 4, 2021
manhattan-brooklyn-median-rent-2021-03-24316
Total
0
Shares
0
0
0

The COVID-19 pandemic has upended the global real estate market, with buying, selling and leasing trends going up and down since restrictions began in early March of 2020. While there’s great optimism for a continued real estate boom in the U.S. and globally once vaccines are more distributed, the rental markets in many large cities still have an uncertain future. New data on rental prices in some of the most expensive neighborhoods in the world shows how landlords are dramatically dropping prices in order to lure people back to their apartments.

New data from UrbanDigs collected by Bloomberg shows the median monthly rental prices in Manhattan and Brooklyn have fallen by roughly $500-$700 dollars from their peak before the pandemic. While evidence suggests the low prices are leading to a rebound in rentals in New York City, there’s still uncertainty over how long it may take for people to flock back to Manhattan and Brooklyn.

Overall, those who are taking advantage of the low rent prices say they wouldn’t have been able to afford to live in certain neighborhoods pre-pandemic.

manhattan-brooklyn-median-rent-2021-03-24316

Source: Statista

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Brooklyn
  • Manhattan
  • New York
  • Rent
majulah

Previous Article
  • Lah!
  • Science

Translating R&D Into COVID-19 Kits: DxD Hub And Local Medtech Firms Ramp Up Singapore’s Testing Capability

  • March 4, 2021
View Post
Next Article
united-nations-covid-19-response-avt0TnE_NS0-unsplash
  • People

Watch: Simple Test Shows Masks Reduce Droplet Spray

  • March 5, 2021
View Post
You May Also Like
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Cities

Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong

  • dotlah.com
  • June 4, 2025
View Post
  • Cities
  • Politics

Singapore businesses eye more investments in PH, says PM Wong

  • Dean Marc
  • June 4, 2025
View Post
  • Cities
  • Research

Mathematicians uncover the logic behind how people walk in crowds

  • dotlah.com
  • April 3, 2025
“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch
View Post
  • Cities
  • Technology

“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch

  • John Francis
  • January 6, 2025
View Post
  • Cities

Popes were once confined to Rome. Now they travel the world – and Francis’ current journey is particularly significant

  • dotlah.com
  • September 13, 2024
Singapore
View Post
  • Cities
  • Economy

South Africa’s new pension rules: Australia, Chile and Singapore show how personal savings can grow the economy

  • dotlah.com
  • August 30, 2024
Singapore
View Post
  • Artificial Intelligence
  • Cities
  • Technology

These 5 cities are making innovative use of generative AI

  • dotlah.com
  • July 29, 2024


Trending
  • 1
    HP Cranks Up the Game with Smarter Systems, Cooler Builds, and Gear That Hits Different
    • August 14, 2025
  • 2
    New Trump tariffs: early modelling shows most economies lose – the US more than many
    • August 6, 2025
  • Scuba Diving 3
    Wetsuit or Drysuit? As always, it depends. This quick guide can help you choose.
    • August 2, 2025
  • 4
    Thoughts on America’s AI Action Plan
    • July 24, 2025
  • 5
    Introducing Surface Laptop 5G: Seamless connectivity, built for business
    • July 23, 2025
  • 6
    Press Start (Or Hit Enter)! Your Go-To Loadout for Streamers and Gamers.
    • July 19, 2025
  • 7
    ESWIN Computing launches the EBC77 Series Single Board Computer with Ubuntu
    • July 17, 2025
  • 8
    Samsung Galaxy Z Fold7: Raising the Bar for Smartphones
    • July 9, 2025
  • Camping 9
    The Summer Adventures : Camping Essentials
    • June 28, 2025
  • 10
    Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore
    • June 20, 2025
Trending
  • 1
    • Lah!
    Grab And Disney Continue To Bring Magical Experiences To Millions Of Consumers In Southeast Asia
    • November 3, 2021
  • 2
    • Cities
    • People
    Nagorno-Karabakh: the world should have seen this crisis coming – and it’s not over yet
    • October 5, 2023
  • 3
    • Lah!
    • Technology
    S’porean At Local Startup Explains Deep Tech & Its Relationship With… Tomatoes?
    • November 5, 2020
  • 4
    • Lah!
    • Technology
    Ultrasensitive Pressure Sensors Pave The Way For Robot ‘Skin’
    • June 18, 2021
  • 5
    • Cities
    10 Features Of Payroll Management Software That You Should Not Ignore
    • July 8, 2020
  • social-media-heart-karsten-winegeart-60GsdOMRFGc-unsplash 6
    • People
    • Technology
    How Social Media Can Help Boost Your Optimism
    • April 9, 2022
  • 7
    • Lah!
    MAS And Financial Industry To Support Individuals And SMEs Affected By The COVID-19 Pandemic
    • April 1, 2020
  • 8
    • Lah!
    Sunseap’s Solar Capacity In Singapore Crosses 300 MWp Milestone
    • May 9, 2020
  • 9
    • Lah!
    NEA To Extend Energy Efficiency Requirements To Variable Refrigerant Flow (VRF) Air-Conditioners
    • April 1, 2020
  • 10
    • Lah!
    Chingay Parade 2020 To Feature The World’s Largest Flying Dragon and Longest Fire Cracker To Date
    • January 24, 2020
  • 11
    • People
    How Does The Coronavirus Affect Different Age Groups?
    • March 23, 2020
  • 12
    • Cities
    • People
    As The Lockdowns Come To An End, Which Activities Are The Riskiest?
    • July 14, 2020
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.