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New York City real estate is a finicky game: Apartment-hunting New Yorkers have been scoring deals left and right, but some landlords are trying to beat the discounts by holding empty apartments until prices rebound.
They’ve been yanking empty apartments off the market while demand and rent are low, a practice known as “warehousing,” The Wall Street Journal’s Will Parker reported. While warehousing is a typical approach when demand is down, Parker wrote, it’s reached new heights amid the work-from-home economy and stronger tenant eviction protections.
Parker cited data from real-estate analytics company UrbanDigs: During peak details ⇒
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