Is Holding Back Vacant Apartments a Good Strategy for NYC Landlords?

Maurie Backman, The Motley Fool
·3 min read

There was a point when Manhattan apartments would get scooped up so quickly that prospective renters needed to show up with a security deposit in hand for a shot at signing a lease. Much of Manhattan is shuttered due to the pandemic. It's not shocking, then, to learn that Manhattan landlords have a vacancy problem on their hands.