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Mass Exodus in NYC Leaves Record Number of Apartments Vacant
Residents of New York City appear to be abandoning the city in favor of suburbs and more rural regions as a result of growing crime, homelessness and lawlessness.
“People are fleeing the city in droves,” said Moon Salahie, the owner of a moving and storage company in Yonkers. He told the New York Post that he’s been moving families with children to the suburbs from all over Manhattan.
Another mover, Mark Ehrhardt of Movers, Not Shakers!, said that it was the younger people who were leaving the city.
“All the kids are leaving,” he said to the Post. “The studios and one-bedrooms are emptying out like crazy.”
Another report from the New York Times documented that there were more than 67,300 apartment units available for rent in the city, the highest number in more than a decade. The figure for July was formulated by StreetEasy, which tracks rental inventory.
That report said that the median asking rent had dropped in Manhattan for the first time in a decade by a record 6.7%.
Some landlords are having to entice renters with as much as three months of free rent just to fill the vacancies.
U.S. postal records showed that more than 16,000 New York residents changed their address to Connecticut alone, according to the Hartford-Courant.