While the coronavirus has caused many city dwellers to pack up and head to the suburbs, there is good news for renters in cities. For example, landlords in New York City are cutting prices at a record number. Rent prices dropped on nearly 35% of properties in New York City in the second quarter, according to rental website, StreetEasy. Kent M. Swig, President of Swig Equities, a real estate development and investment firm, joined Wake Up With Cheddar to break this down.