What 7,420 empty apartments in Manhattan means for America's future

The number of empty apartments in the New York City has risen to all-time high numbers in certain sections of Manhattan.

Leasing in May fell to the lowest level seen in many years, with the number apartments listed for rent jumping 34%, to 7,420, according to a report by Douglas Elliman.

In the Number of the Day, Scott Rasmussen explains why empty apartments in Manhattan could be an example of things to come around the country.

The coronavirus pandemic has left America's biggest cities with empty streets and many residents contemplating moves to places with more open spaces.

In New York, the biggest and most expensive apartments have been hit the hardest due to changing tax laws. Those who can afford to leave are leaving. In addition, commercial real estate is taking a hit as companies reconsider office space needs, and protests are causing small business owners to abandon ship.

But there's reason to hopeful.  Listen to Rasmussen as he breaks it down.