Manhattan is among the counties that have reversed population loss

When Thomas Ferry tried to renew the lease on his Manhattan studio apartment in February of 2022, he didn’t expect to stick with the hefty discount he got during the pandemic.

However, he did not expect a 43% increase in rent. His payments were about to jump from $1,750 to $2,500 as of May.

The staggering increase was a good indication that once COVID-19 vaccines became available and most coronavirus restrictions on businesses and social gatherings were slowly lifted, people were returning to town.

Now, newly released data support this assumption.

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