NEW YORK, Nov. 9 (Xinhua) -- A number of New Yorkers are seizing on the exodus of renters during the pandemic and the market's down trend to upgrade and cut costs within city limits, reported The Wall Street Journal on Monday.
For example, "Manhattan had nearly 16,000 empty rental apartments as of September, which was 5.75 percent of the borough's total apartment inventory. That's the highest vacancy rate in at least 14 years," the paper quoted a report from brokerage Douglas Elliman and appraiser Jonathan Miller as saying.
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