Homeowners in NYC are terrified of this truth People moving out

[Wayfarerz]

Originally Posted by BlakeJones

Sure fine only 15% of office workers are in the buildings but that's not surprising. The point is 85% of office real estate is under lease

An 85% lease rate is a legacy from pre-Covid times when many of the leases were written.

If the "only 15% of office workers" number persists (and no one knows if it will), as leases on unoccupied office space expire, there is no incentive to renew them. If this happens, over time the "under lease rate" will decline to match the percentage of office workers in buildings.

[Kefir King]

To the original question:

I have moved in, then out, and back in, and then out again, and in and out too many times to count. Now I am in until time for a crematorium in New Jersey via Staten Island. People move, perhaps gay men more than most.
I will believe NYC is emptying when I can get a 2 bedroom Manhattan apartment for under 100 G's.

Why these constant threads about people leaving. The population dropped by .01% between 2019 and 2020. That is less than the Covid deaths.

The current metro area population of New York City in 2021 is 18,823,000, a 0.1% increase from 2020.
The metro area population of New York City in 2020 was 18,804,000, a 0.01% decline from 2019.
The metro area population of New York City in 2019 was 18,805,000, a 0.07% decline from 2018.
The metro area population of New York City in 2018 was 18,819,000, a 0.3% increase from 2017.

Note the 2021 INCREASE was 10 times as much as the previous year's decrease.