Rich New Yorkers fleeing the town are driving up the costs of leases within the Hamptons and Hudson Valley, with charges greater than tripling for some properties.

As New York imposes strict stay-home tips and the variety of coronavirus circumstances skyrockets, New Yorkers who can afford it are decamping to extra rural locales. Brokers say they're getting barraged with calls from households wanting leases instantly, some for 2 weeks, some for as much as a yr.

"That is unprecedented," mentioned Delyse Berry, of Upstate Down, a Hudson Valley actual property advisory and administration agency. "It is like a panic. I've by no means positioned so many individuals in leases in a single week, and at these costs, ever. Even in the summertime."

Berry mentioned houses that may sometimes lease for $4,000 a month throughout the winter and early spring at the moment are going for as much as $18,000 for the month of April. She mentioned the typical rental interval is eight weeks, although some households are renting for a number of months or perhaps a yr.

Berry mentioned she...