Over 300,000 New Yorkers Have Left City Since COVID Pandemic Began In March and the city that never sleeps has certainly gotten quiet for a little longer than a year…
Lines of moving trucks and “apartment for rent” signs everywhere. It was an unusual sight for anyone who has seen the city back when things were normal.
692,704 city residents requested a change of address from the U.S. Postal Service between March and November. Postal service data shows about half of those people — 359,318 — moved within the five boroughs, but the other half — 312,386 — left entirely.
More than 54,000 people moved to New Jersey, 31,268 to Florida, 23,387 to Connecticut and 21,872 to California. More than 100,000 went upstate or to Long Island.
This data does not include those who left without formally changing their addresses.
But, there is no place like New York, and with vaccinations on the rise and the economy continuing to reopen, residents are returning in droves — even at the higher rates than the pre-pandemic levels.
According to location-data firm Unacast, migration to New York is growing twice as fast than in 2019. In January and February 2021, city grew by 1,900 people — during the same period in 2019, the city shrunk by 7,100 residents.
New York and Bronx counties grew the most this year, adding 21,000 and 2,100 residents, respectively, during January and February.
Kings, Queens, and Richmond counties — which encompass Brooklyn, Queens, and Staten Island — all showed a shrinking population, though Kings County is experiencing a growing average income, according to Unacast.
In the first quarter of 2021, real estate firm Corcoran Group reported 3,700 signed contracts, an increase of 58% annually, which it described in its quarterly market report as “the strongest start to any year for signed contracts since 2007, even beating out 2013 by 6%.”
Sales in areas like downtown Manhattan and the Upper West Side were up 7% and 15%, respectively, in the first quarter, Corcoran said.
Across the East River in Brooklyn, Corcoran saw the highest number of sales of any quarter since 2007 during the first three months of the year, with over 1,400 buyers signing contracts.
It’s not just homebuyers who are putting down roots in New York — renters who left the city are returning too. Jared Goodloe, a realtor with Compass in Brooklyn, told Insider that he’s hearing from renters who expect their offices to reopen in August or September and are ready to move back to the city.
We love to see New York recovering from the pandemic and we are more than happy to assist you with your residential or commercial move. We take care of all the moving related stress and make sure you experience stress-free, joyful move back to your home.