Madison Ave is 39% empty; Manhattan landlords, can you lower the prices now?

https://discord.gg/rossmanngroup
🔵 https://www.bloomberg.com/news/articles/2021-08-20/nyc-shoppers-shunning-madison-avenue-as-swanky-boutiques-depart
🔵 https://www.reddit.com/r/nyc/comments/innhah/nearly_twothirds_of_new_york_restaurants_may_have/g4ai27m/?context=3
🔵 https://www.youtube.com/watch?v=kuALRyGI3Ho&list=PLkVbIsAWN2lt_n88l7WC2u22TRHKmw8ya&index=4
🔵 https://www.youtube.com/watch?v=suQx7lachDE
🔵 https://www.youtube.com/watch?v=MpPvy4qyHg4

00:00 Intro
00:07 Apology
01:17 Real estate
01:20 Why I cover this
03:12 Building for lease
03:35 39% retail availability on Madison
05:22 Madison ave prices
07:12 Excuses, excuses
09:40 The problem - commercial mortgage backed securities
10:50 This needs to crash

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