Storefront Real Estate Offices

David Goldsmith

All Powerful Moderator
Staff member
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?
 
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