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High demand and inventory in the coming year.

Posted by am.julash on December 13, 2021

NEW YORK CITY — The coming year could be a pricey one for New York City renters, according to a new study.

The study found that the city’s housing market could be set to become more expensive in the coming years due to the coronavirus pandemic.

The end of rental concessions that were offered in 2021 will have a negative effect on the rental market in 2022, according to a study.

Many city dwellers experienced varying levels of excitement and frustration as they tried to navigate the apartment market following the pandemic. The supply and prices went down as many tenants left the city.

According to a study by StreetEasy, prices will stagnate or fall in 2022 due to a cooling off in the housing market. It continues that the move-up season will likely bring back rent increases.

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