The Manhattan real estate market continues to struggle in the face of the coronavirus and now has the added challenge of widespread protests in response to the death of George Floyd while in police custody.

Only 160 real estate contracts were signed for Manhattan apartments in May, an 84% drop from last year, according to UrbanDigs. New listings also fell 71% compared to May of 2019, CNBC’s Robert Frank reports. The upper end of Manhattan real estate, which includes expensive condo towers and penthouses, is taking the biggest hit.

Source: CNBC


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