Submitted by rootbeer_racinette t3_zfxjr2 in nyc
occasional_cynic t1_izf0i2q wrote
Reply to comment by NetQuarterLatte in New York’s ‘zombie’ office towers teeter as interest rates rise by rootbeer_racinette
Confession: Don't live near NYC anymore.
But, I do visit frequently. In 2019 was when it really hit me how many empty storefronts are in Manhattan. By my last visit late last year it had gotten so much worse.
As for the city council - this is the voters' fault. They keep placing professional activists there instead of those who have accomplished something and have knowledge of how things work.
socialcommentary2000 t1_izg4p47 wrote
Commercial real estate is a financialized mess now.
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