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The second stage of pandemic-era migration has begun in the US.
The pandemic and related lockdowns sparked a mass exodus from densely populated cities, as millions of Americans moved throughout the crisis, with many fleeing metropolitan areas. The vaccine-led reopening is far along enough now that some of these trends are reversing course.
Mail forwarding data from USPS suggests Americans are returning to major East Coast cities, Jefferies analysts led by Jonathan Petersen said in a note this week. Manhattan saw 4.3% of households move out during the pandemic but regained 0.31% of occupancy through May and details ⇒
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