April Could Be a Milestone Month for NYC -- Here's Why

Maurie Backman, The Motley Fool
·3 min read

When the coronavirus outbreak first hit, New York City was quick to emerge as its epicenter. Abandoning New York City also wasn't a hard thing to do given that since the start of the pandemic, nightlife has been shuttered, Broadway has been dark, and there was even a point when city dwellers couldn't so much as enjoy a meal inside a restaurant. It's not shocking, then, that in December of 2020, New York City's residential vacancy rate reached 5.1%.