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%.