Manhattan Sees Surge in Apartment Rent Prices: Miller Samuel

The video discusses New York City's recovery from COVID-19, highlighting the polarized real estate market with high-end apartments seeing a surge in rents while low-end apartments lag behind. It addresses the slow return to office spaces due to COVID variants and the impact on retail. The discussion also covers the future of NYC's economy, emphasizing remote work and structural changes. Finally, it explores real estate trends and the implications of the SALT tax on property values.

Discuss the long-term economic damage faced by lower wage earners in New York City.

How do you think the real estate market will evolve in the next few years based on current trends?

What role does the SALT tax play in the New York City housing market?