Why Manhattan Renters Are Rushing to Sign Longer Leases

The video discusses the recovery of the rental market, highlighting the decline in concessions and the stabilization of rents. It notes the strength of the high-end market post-COVID, particularly in areas like Manhattan, and contrasts this with the challenges faced by lower-income renters. The discussion also touches on the trend of people moving to suburbs and rural areas, with remote work influencing their decisions. The video concludes by considering the potential for people to return to urban areas, drawing parallels with past events like 9/11.

In what ways has the rental market reflected changes in employment and wage levels?

What trends have been observed regarding the movement of people back to urban areas after the pandemic?