As a related example, I remember a conversation with my former landlord in Manhattan who told me that there was a clause in his mortgage that prohibited him from discounting rents.

We’re mostly interested in the following:-15-30-min-drive to Montclair (where my wife works) -No more than 1hr 15 minutes to Manhattan by public transportation.

https://www.cnbc.com/2020/08/13/empty-apartments-in-manhattan-reach-record-high-topping-13000.htmlThe number of apartments for rent, or listing inventory, more than doubled over last year and set a record for the 14 years since data started being collectedWhile hundreds of thousands of residents left the city in March and April in the beginning of the coronavirus pandemic, brokers and landlords hoped many would start returning in July and August.July’s weakness, and what brokers say is already a slow August, suggests that Manhattan’s real estate and economic troubles could extend well into the fall or beyond.As I wrote about many times earlier, the migration from expensive city centers to more luxurious suburban / rural settings is solidifying.

As you already probably heard that there is a record high of 13K vacant apartments in Manhattan right now and this number is likely to increase.

Check out the news: Empty Manhattan apartments reach record levels, landlords slash rent.

@Mitch MesserInterestingly, here is one of the Slides that was used in the Yahoo Video with Miller Samuel:I think many Investors or readers here don't really understand that Manhattan and the outer boroughs of NYC are two different animals.This slides tells a lot about those differences.Here in Brooklyn, we are doing GREAT as far as Sales of Apts and Single Family homes.

I reside in Manhattan but am somewhat familiar with the area on the commercial side because of my work. 

However, I would push back slightly specific to where I am looking: Hudson County, NJ is 20-30 minutes from Manhattan and I believe it has a ton of room for growth.Others seem to agree with me, as investment property often sells at cap rates of 4-5%.

Neighborhoods that surround the dense downtown areas (Manhattan in NYC as an example) will have a higher demand from Older Remote workers and their families because you can buy a house to keep yourself isolated and yet do remote work and still be close to the HQ.

That’s not much of a house considering it’s 13 miles from Manhattan.