My decision to put a temporary pause on my New York City life mid-pandemic—to the point that I let go of my Brooklyn lease—was not one I came to lightly. But, practically speaking, it was the best move I could have made. For one thing, it meant I had a childcare solve. (My mother had graciously volunteered to step in and help as my spouse and I exhaustedly—and fortunately—juggled two very busy full-time jobs.) But it also promised the potential to save some cash, not just on the cost of rent, but on that much more financially advantageous lease we were guaranteed to lock in upon our return the following summer, er, right now.
Spoiler alert: Post-pandemic, New York isn’t dead.
In fact, based on the limited apartment inventory and the lines rounding the block for every two- and three-bedroom (what we were in the market for) that popped up on StreetEasy, the demand to live in—and, in my case, return—to New York has never been higher. (FYI, I’m basing this on Brooklyn real estate, but from what I hear, residential real estate in Manhattan is also experiencing quite the surge in demand.)
So, how do you compete with the masses? We checked in with Jonathan Schulz, a realtor at Corcoran, to get his take.