RESIDENTIAL
New York’s Residential Market Is Poised To Rebound In A Big Way. Here’s Why.
Forbes | June 17, 2021
New York’s Residential Market Is Poised To Rebound In A Big Way. Here’s Why.
RESIDENTIAL
New York’s Residential Market Is Poised To Rebound In A Big Way. Here’s Why.
Forbes | Jun 17, 2021
As New York’s residential market heats back up amid the easing of commercial restrictions and lower Covid rates, questions remain about what the recovery will look like and how soon investors can expect the market to return to pre-pandemic levels or higher. Much of this increased demand is due to a sooner-than-expected return to relative normality for New York residents. All the reasons people love New York are getting back into full swing, from theater, museums and music to restaurants, bars, comedy clubs, as well as unique experiences like cruises around Manhattan, archery lessons in Gowanus, distillery tastings in Red Hook, just to name a few. Events are back as well, such as the Tenement Museum’s recent Reopening Party on the Lower East Side. Whatever one’s favorite city activities, the excitement about getting back to them is driving residential real estate demand in the five boroughs.