With business substantially down, people largely absent from Manhattan offices still, but storefront/retail rents still very high, will we see a number of firms shrinking away from these offices?
When Town Real Estate closed we saw an example of this when they left behind a beautiful, but very expensive, storefront on Irving Place. As leases come up on some of these other retail spaces will the money be there to renew?
When Town Real Estate closed we saw an example of this when they left behind a beautiful, but very expensive, storefront on Irving Place. As leases come up on some of these other retail spaces will the money be there to renew?