Taylor K. Vecsey
I
April 21, 2025
How the Pandemic Changed Real Estate
We asked Manhattan real estate agents: How have buyer preferences shifted in the post-pandemic era, and what types of properties are in highest demand right now in New York City?
Mallory Bogard
BOGARD NEW YORK TEAM
SERHANT.
In NYC, you probably remember the post-lockdown trend: buyers prioritizing as much private outdoor space as possible. But lately, I’m noticing more people are comfortable with shared outdoor space or smaller private areas, to meet their outdoor needs—much more so than in the years immediately following COVID. Kitchen storage is trending mission critical… kitchenettes just aren’t cutting it—people need real space for all the sourdough starters, air fryers, and mocktail kits they bought during downtime. Another of my favorite trends in NYC: The returnees—people coming back to the city. A lot of them took advantage of remote work and bought outside the city, but now that they’re commuting more frequently, the trek is starting to wear on them. Plus, let’s be real—so many of them just miss the city. Another growing trend I’m seeing is the desire to keep family close—literally. More condo owners are looking for additional studio or one-bedroom units within their own buildings to accommodate parents, grandparents, or adult children. I’m also seeing increased interest in townhouses that can work for multi-generational living, or setups where each adult child or grandparent has their own apartment, within arm’s reach of each other.