If you've been in New York City through the pandemic, you probably noticed fewer people on the streets. It may be because a lot of residents moved out of the city... but what areas took the biggest hit during the pandemic? \
Manhattan and Brooklyn saw the most move-outs this past year and now there's a study that identifies which areas in these two boroughs saw the biggest change.
Commercial real estate firm CBRE has released a new study that takes a look at all of the address changes across the U.S. They saw that New York City had the second largest increase in move-outs in 2020, right behind San Francisco. CBRE uses an interactive map where you can see which zip codes had the highest move-out rates.
In Manhattan, Hell's Kitchen, Upper West Side, Upper East Side, Soho, Chelsea, Murray Hill, Kips Bay and FiDi saw the biggest exodus.
Greenpoint, Dumbo and Crown Heights in Brooklyn saw the most move-outs in that borough.
CBRE's Director of Research Eric Willett, told Gothamist (who first reported on this study) that young, affluent and childless New Yorkers were the ones most likely to leave New York City in 2020. He says, "About 33 percent of them moved in 2019. That increased by 10 percent in 2020."
New Yorkers who left the city typically moved between 100 and 500 miles away according to this study. Westchester saw 7,000 Manhattan residents move to their neighborhoods in 2020 compared to 4,000 in 2019.
The CBRE predicts that as people start returning back to their typical, pre-pandemic day-to-day activities, the lowered rent prices will lure residents back into New York City.