Something very strange is going on with New York's apartment rentals.
: “In June 2020, Zillow Group, the real estate website, announced that employees could move anywhere in the country and never return to an office. The company now has more than 300 employees living in New York City, a 15 percent increase compared with two years earlier, according to a company spokeswoman.”That puts a pandemic gloss on a longstanding trend in American cities: prosperous, smaller households replacing bigger families.
than they did at mid-century, despite new construction: The same buildings are being occupied by smaller families. It’s another reminder that households are the all-important numerator here.Back in the day, everyone in New York City used to move on May 1. As you might imagine, it was a. While some seasonal trends persist, that tradition is happily obsolete.
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