cities are on the brink of an “ urban doom loop,” which basically sees lower property-tax revenues translating into less spending on city services, causing a decline in the quality of life, which in turn pushes more people to leave, repeating and worsening the cycle of disinvestment. Looking at New York and elsewhere, trackers of real-estate trends have suggested that U.S. Other stats are concerning, too: Offices are only 55 percent occupied and transit ridership hovers at 62 percent, changing the way business districts function and creating enormous financial angst for the city and state. But although this reversed the previous two years’ losses, the population of New York County still remains below pre-pandemic numbers, and the rest of the boroughs saw more people move out than in. According to census figures out this week, it gained about 17,000 residents between 20. Despite dire predictions to the contrary, Manhattan’s population increased last year.
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