Work from home trends resulting from COVID-19 will reshape the US housing market, likely becoming the norm well after shelter orders are lifted because many workers don't have to live close to workplaces.
The second quarter return is a "major reversal" from the negative 1% in the previous quarter and made for the second biggest swing in the past 94 quarters, according to Trepp.
Rents in New York have been dropping since the pandemic started. Last month they dropped another 1.1%, which means rents are down 3.3% when compared to last year, said Apartment List's latest New York rent report.
WorkSuites recently launched a "Zoom Room", an additional free private space for clients' kids to study, take online classes or just play on iPads while parents work.