RESIDENTIAL
The Moinian Group Sees Unexpected Rental Demand at an Unlikely Time
Commercial Observer | June 15, 2020
RESIDENTIAL
The Moinian Group Sees Unexpected Rental Demand at an Unlikely Time
Commercial Observer | June 15, 2020
In the midst of the global covid-19 pandemic, residential rental turnover throughout the United States has hit its lowest levels in more than 20 years, with the country on lockdown.
But The Moinian Group, one of the largest privately-held real estate groups in the U.S., has seen a surprisingly strong uptick in rental activity while people have been hunkering down at home. In fact, one of The Moinian Group’s Manhattan luxury rental buildings saw as much as a new lease a day throughout the month of May.