New York residents, businesses look beyond city borders for pandemic relief


The Center Square -- The COVID-19 pandemic has driven people from New York City, with recent data and anecdotes indicating that some of the exodus could become permanent for residents and businesses alike.

RealPage, which tracks property analytics, in the second quarter recorded a net loss of more than 6,700 households in the New York metro area. In the second quarter of 2019, the number of households had grown by 3,730.

The longtime allure of urban centers has been waning under the cloud of the coronavirus.

“We’ve already picked up data that it’s happening,” Jacques Gordon, a global strategist for LaSalle Investment Management, told the Financial Times.

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