<strong>Article by <a href="http://www.ny-fama.com"><span style="color: #ff0000;">NY FAMA</span></a></strong>

According to a new reports from Douglas Elliman and Miller Samuel for April 2020, new leases for <span style="color: #0000ff;"><strong>MANHATTAN</strong> </span>apartments plunged by 70.9% last month, for <strong><span style="color: #ff0000;">BROOKLYN</span> </strong>apartments plunged by 66.<span class="s1">8</span>%. and vacancies increase as the rental market froze amid COVID 19, and more residents left the city,

According to Douglas Elliman and Miller Samuel report:
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 	<li>The number of new leases for <span style="color: #000000;"><strong>Manh<strong>a</strong>ttan </strong></span>apartments fell to the lowest total in a decade, to 1,407.</li>
 	<li>The number of new leases for <span style="color: #000000;"><strong>Brooklyn </strong></span>apartments fell to the lowest total in a decade, to 439.</li>
 	<li><span style="color: #000000;">The vacancy rate in Manhattan and Brooklyn&nbsp; climbed to its highest level in 14 years.</span></li>
 	<li>The declines were the clearest sign yet in the rental market that Manhattan and Brooklyn residents are leaving the city in the wake of the COVID 19.</li>
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By Alex Ammohostianos.
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