A mid-pandemic 50% drop in real estate sales spiked to the highest all-time median rents in Manhattan two years later (currently registering in the mid-$5,000s per month). Sniping haters who declared that the big, vibrant, cheek-by-jowl city experiment was finally over as the urban exodus intensified in 2020 and vacancy in the city’s coveted real estate hit double digits were quickly silenced by the rebound. ![]() ![]() Today, NYC is also the urban recovery writ large. The greatest city in America-lauded and crowned in our rankings for almost a decade and in countless others for many more-was a ghastly reminder during the pandemic of the vulnerability of even the colossal and seemingly all-powerful we saw here what awaited other cities across the U.S.
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