4 ms·
I'm curious to see how this plays out in the long term since data they're using is from 2020. In late 2020 I remember reading tons of articles about how people
by superfrank 4y ago
I'm curious to see how this plays out in the long term since data they're using is from 2020. In late 2020 I remember reading tons of articles about how people were fleeing the city causing apartment rental prices to plummet. Now, two years later, most of my friends who rent are paying as much as, if not more than they were paying pre-covid and the apartment buildings I can see into look as full as they ever were (anecdotal evidence, I know).
Personally, I don't see a way for commercial prices to come back if WFH is here to stay, but a lot of people are incentivized to think of a solution and I've been surprised before. I think we should get another year or twos worth of data before we start calling it an apocalypse.
- judge2020 4y agoHere’s your data; Covid definitely slowed rent growth during 2020 but throughout 2021 and 22 it looks like it’s back in full-swing, with >15% YOY in 2021 and similar growth predicted for 2022. https://www.apartmentlist.com/research/national-rent-data https://www.apartmentlist.com/research/national-rent-data
- olingern 4y agoRent is way up in Brooklyn as of late 2021. I decided to leave nyc because renewing my lease came with a significant rent hike to the “pandemic deal” I got. Commercial-wise, I can’t see it recovering to pre-pandemic levels. I’m not seeking an office out and I know many friends / former coworkers that are happy not in an office
- deleted 4y ago[deleted]