Pandemic sees New York rents plummet with less need for roommates
Studio apartment rents in the city are the lowest in nearly a decade, and entry-level renters are on the move to decouple
25 November 2020 - 18:16
New York — In pricey Manhattan, having a roommate or two is a traditional rite of passage. Now, as the city empties out and rents plummet in the Covid-19 era, even recent college graduates are finding they can afford to live solo.
Studio apartment rents are the lowest in nearly a decade, and the New York borough’s youngest workers are taking notice. Forced indoors by the pandemic, to cramped spaces once used only for sleeping and showering, entry-level renters are on the move to decouple...
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