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NYC Multifamily Market Rebounds In Q3, Looks To End Year Strong

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IWG has found cities where workers have a long commute, like New York, have seen occupancy fall more during the pandemic.

The New York City multifamily market rebounded in the third quarter, after a weak Q2. Ariel Property Advisors, a New York City investment real estate services and advisory company, tracks each month’s data closely, parsing the numbers by submarket and analyzing the prevailing market forces. Ariel founder and President Shimon Shkury shared some Q3 insights and his predictions for the asset class.

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Bisnow: How did the multifamily market perform in the third quarter?

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