Real Estate
Manhattan’s Apartment Rebound Means Sweet Deals Are Fading Fast
- As tenants pour in, landlords are trimming pandemic-era perks
- New arrivals are competing with New Yorkers plotting a return
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Apartment-seekers are flooding into Manhattan in search of the bargains that were everywhere just a couple of months ago. Many will find they’re a little too late.
Landlords are raising rents and dialing back the concessions they relied on to fill units during the depths of the pandemic, when many New Yorkers were decamping for the suburbs. Now that the city’s reopening is enticing back the exiles, they’re jockeying with recent college graduates and young professionals who are eager to move in -- and property owners no longer have to work so hard to get leases signed.