Manhattan rents have been slashed more during the pandemic than during the Great Recession — and have even farther to fall

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For once, the rent isn’t too darn high.

Since the onset of the coronavirus pandemic, the New York City rental-apartment market has been rocked by falling prices and rising vacancy rates. The jolt follows a mass exodus of Big Apple residents to the suburbs, hometowns, vacation-home hotspots, warm-weather retreats and other less-dense locales.

A report released this week by real-estate listings website StreetEasy paints a grim picture. The popular property portal found that rents in the Manhattan have decreased more during the pandemic than during the Great Recession of 2008 to 2010, the details ⇒

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