Retail Rents Plummet In NYC As Vacancies Rise
PYMNTS
JANUARY 8, 2021
Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. SoHo was part of the roughly eight areas in the city that saw their lowest average asking rents in at least a decade.
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