Big drop in Manhattan rental prices lures back younger residents

``The typical rent paid for apartments including discounts, or the median net effective rent, fell 19% from a year ago to $2,868 -- a record decline. Smaller apartments, which cater to younger renters, fell the most. The price of studio apartments was down 21%, and one-bedroom apartment prices dropped 19%.'' -- We expect there to be a bump and then a gradual decline in prices again, as some of the shift to WFH will be permanent, even with a vaccine...