Home Real Estate New Yorkers returning to the office reckon with an overheated rental market

New Yorkers returning to the office reckon with an overheated rental market

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Jasmine Perillo, a 26-year-old digital strategy consultant who has lived in New York City for eight years, has never found it as difficult renting an apartment as she has this summer. After one of her roommates moved home and the other moved uptown, Perillo began a seven-week journey at the end of May to find an apartment as her return-to-office date neared.

After looking at more than 60 apartments, attending open houses where as many as 30 people showed up and expanding her search to all of Manhattan, she found everyone was returning to the city and looking for a place to rent. She finally found a studio apartment in the West Village for under $2,500 a month.

“The lines ended up being everywhere. I thought it was going to be only downtown, but, yeah, some of the crazier lines were on the Upper West Side,” she said. “Never seen the market like this. It’s actually insane.”

Jasmine Perillo outside a building where she couldn’t get an apartment in…

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