Don’t expect rent in New York City to fall further

At the height of the COVID-19 pandemic, landlords in major cities across the country were rolling out the red carpet to attract renters. Faced with a glut of empty apartments amid an urban exodus, landlords in New York City for example, lured renters with things like three months free rent, American Express gift cards, and Citi Bike memberships.

Now, with nearly half of the U.S. population vaccinated and the economy reopening, landlords aren’t feeling as generous. Jonathan Miller, president…


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