Great Reset In NYC, Retail Rents Collapse Across Manhattan, SoHo Rents -22% After Mass Exodus
3 years ago
19
NYC has become probably the most advanced in this economic redistribution, Audio From Full Article: https://silverreportuncut.com/the-great-reset-has-gutted-nyc-of-small-businesses-5th-avenue-rents-plummet-20-soho-rents-collapsed-22-in-q4-thats-not-all
Rents across Manhattan have collapsed and the vacancies continue to grow to leave essentially little competition for commercial real estate in NYC. We can see by these trends it hasn't been just the large businesses leaving.
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