JUNE 17, 2020: Manhattan’s ([link removed]) real estate market has been hard hit by the pandemic ([link removed]) and lockdown orders ([link removed]) . Last month, 7,420 empty apartments were listed for rent. That’s a 34% increase over the previous year.[1] ([link removed])
It’s also the highest number of available apartments ever recorded since real estate appraiser Miller Samuel started collecting the data in 2006.[1] ([link removed])
In May, the number of new leases signed fell by 62%.[1] ([link removed])
Larger and more expensive apartments are the hardest hit.[1] ([link removed])
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Each weekday, Scott Rasmussen’s Number of the Day ([link removed]) explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.
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_Scott Rasmussen is an editor-at-large for Ballotpedia, the Encyclopedia of American Politics. He is a senior fellow for the study of self-governance at the King’s College in New York. His most recent book, ** Politics Has Failed: America Will Not ([link removed])
** , ([link removed])
was published by the Sutherland Institute in August 2018._
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