New York Rental Vacancies Climbing Faster Summer rental vacancy rates typically climb, yet in this scorching hot summer of 2020, vacancies in New York City are rising at a rate that is concerning to small and mid-sized landlords. In New York and Manhattan the rising vacancy rate, rent default rate, and tenant employment situation may…
Is a Massive Wave of Evictions Coming? What happens when big numbers of tenants can't work, don't have income alternatives, financial aid programs dry up, and are legally able to avoid paying their rent via government rent moratoriums? The fallout from coming rent defaults might extend well beyond the next 3 months. Experts aren't taking…
Pandemic is Pushing People Online A new article in the Washington Post has the headline: "The new coronavirus economy: A gigantic experiment reshaping how we work and live." The post story says it well, that businesses and consumers are trying out online business at a massive scale. We'll likely here more about this shift in…
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