Here’s a recent mini-trend in the Manhattan luxury real estate market that’s worth watching: Of the 16 contracts signed at $4 million and above in May, seven were either apartments that featured terraces or townhouses with gardens. You could make the argument that outdoor space is becoming a must-have pandemic feature. COVID-19 has forced city residents to reconsider the course of their daily lives. When will they be comfortable going to the theater, restaurants and retail stores?
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