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Old 09-07-2021, 02:55 PM
 
Location: Manhattan
8,936 posts, read 4,772,398 times
Reputation: 5970

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Real estate seems to be rebounding.

https://queenspost.com/queens-rental...-levels-report

Rental prices in Queens have shot back up to near pre-pandemic levels, according to a new report.

The average amount paid to rent a studio, one-bedroom or two-bedroom apartment in the borough was close to what was charged in February 2020 — the last full month prior to the outbreak of COVID-19 — according to a report released this week by the real estate company MNS.

Queens’ rental prices took a sharp decline shortly after the pandemic broke out in March 2020. The pandemic prompted an exodus of residents and a drop off in apartment demand.

But prices have been marching higher over the past 12 months.
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