What New York City homebuyers need to know during the coronavirus pandemic
For New York’s real estate industry, spring is typically the busiest time of the year: New condo developments ramp up their sales launches, renters are looking for new apartments, and sellers are eager to list their homes. But this year, things are drastically different. New York City is the country’s epicenter of the COVID-19 pandemic, and most of the state is on lockdown in an effort to stem the spread of the novel coronavirus. That includes the real estate industry—though
NYC’s Industrial Market Poised to Weather the Coronavirus Storm
As the last few weeks have made clear, it’s still too early to make accurate forecasts in the face of the evolving Covid-19 pandemic. However, there is good reason to believe that the city’s industrial sector is uniquely positioned to weather the coronavirus disruption. Many industrial and warehousing businesses enjoy ‘essential services’ status and are allowed to operate in spite of Governor Cuomo’s recent business shutdown. These include warehousing, distribution, logistics
State Legislators Aim to Prevent Evictions After Pandemic Ends
A trio of New York State legislators introduced a bill yesterday that would prevent tenants from being evicted for non-payment of rent for the next several months, in hopes of providing a cushion to renters struggling because of the coronavirus pandemic. Gov. Andrew Cuomo signed a 90-day eviction moratorium on March 20, but tenant advocates have worried that thousands of New Yorkers would still be booted from their homes over unpaid rent after the moratorium expires. The “Ten
