Major retail players are being hit especially hard in NYC. With office workers shunning the city en masse and tourism all but nonexistent, what does this mean for New York? Major retailers with flagship stores in New York are feeling the revenue loss as a result of...
Retail Vacancies Because there’s a fairly high retail property vacancy rate (just walking down the streets of Manhattan, you see many “for rent” signs on stores), I don’t think rental rates for retail property will rise. I believe the fairly low level of demand for...
