When remote workers fled big cities during the COVID-19 pandemic’s initial wave, the country’s priciest places suddenly found themselves reeling from a dramatic increase in the number of empty apartments. From New York to San Francisco, rents were in free fall. Deals that might have been unthinkable just a few months prior — $1,000-plus discounts on luxury apartments, for example — became reality. Moving companies were slammed with clients looking to abandon crowded urban centers. While some landlords slashed rents by more than half, others glumly hung on to vacant units.

Geographic Trends  Remote Work

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