3 ms·
The same thing happened in Manhattan back in 2008 due to the financial crisis. - 13 month rents for the price of 12 - $0 deposits - etc In practice, this me
by alexpotato 6y ago
The same thing happened in Manhattan back in 2008 due to the financial crisis.
- 13 month rents for the price of 12
- $0 deposits
- etc
In practice, this meant that a lot of young people who were living in Brooklyn decided to move back into Manhattan. This was one of the main driving forces behind the transition of the Financial District (basically almost the southern tip of Manhattan) from an office only area to a residential area.
I actually knew someone who lived in an "apartment" building that had been converted from an office building. The layout was of an apartment but if you looked up you saw the classic perforated drop ceiling tiles of an office.