Long time readers of this blog and my Substack will not be surprised. Commercial real estate New York city is being hollowed out. There are fewer tenants, paying lower rents, exposing landlords and the lending institutions that finance them to severe calamity.
New York Office Buildings Emptying Out
New York Office Buildings Emptying Out
New York Office Buildings Emptying Out
Long time readers of this blog and my Substack will not be surprised. Commercial real estate New York city is being hollowed out. There are fewer tenants, paying lower rents, exposing landlords and the lending institutions that finance them to severe calamity.