Greenwich Mansions Are in Demand Again — as Short-Term Rentals
The era of coronavirus has brought a new must-have asset to the wealthy suburb of Greenwich: a short-term home rental.
Manhattanites seeking an immediateescape from the outbreak’s epicenter are bidding up leases in the Connecticut town, which for years contended with flagging sales of mansions that few younger Wall Street executives wanted to buy. Now Greenwich is suddenly a competitive hot spot for those with the means to pay up for a temporary refuge.
“It kind of builds,” saidJoanne Mancuso, an agent at Houlihan Lawrence. “You got a couple of calls, and then all of sudden, the flurry came in.”
One of her listings — a furnished 9,261-square-foot house on North Street with a pool — was priced at $32,000 a month when it was offered in January. By the end of March, it had a tenant who agreed to pay 56% more.
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-1.086 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23