NYC is absolutely seeing the same. Many people went to homes upstate and will not come back. Rents are falling even if some of it is masked with hidden rebates

NYC is absolutely seeing the same. Many people went to homes upstate and will not come back. Rents are falling even if some of it is masked with hidden rebates (no broker fee, free months). It is going to be starkest probably in San Francisco though because 1. Rents were actually higher there to begin with (though they had begun to deteriorate) 2. The employers there are weighted more heavily toward companies able and willing to embrace remote work (that is, tech companies).