New York City is back in full swing as the fall season has kicked off and it’s probably the most lively it has been since the start of the pandemic. Everyone is out and about, enjoying the city life.
The real estate market has kept up the pace with more families coming back as schools re-open. Also, offices are encouraging at least 3 days in the office.
It’s a new normal that really shows the resiliency of New York. People want to be in the city, whether they are required to be in the office or not. Part-time employees would like to have a home close to work, and it appears that even the full-time remote workers are here to stay as well.
We had another very busy month in sales, purchases, and rentals. LivNY just listed a 2,100 square foot masterpiece in Flatiron. This is a converted dance studio that has character, charm, and is in an ideal location. Our new one bedroom listing in Queens is the perfect first time purchase. If you can afford the down payment, it’s much more affordable than renting. It’s also sublet friendly after 2 years.
In the news, Google purchased an office building in Hudson Square for a record shattering $2.1 billion. Guess if you have the $ why not spend it! The WSJ journal had an interesting article detailing rent increases as “pandemic deals end”. Lastly, we’ve had a lot of New Yorkers move down to Florida (hmmm), well Miami is now the second most expensive property market in the United States.
Spotlight this month is on my older sister, Elena. She always does a fantastic job editing my newsletters. Her birthday is in September and I wanted to say thanks for all of her behind the scenes work. Surprise!
