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brianvan t1_izfcjaf wrote on December 8, 2022 at 6:21 PM

Reply to comment by NetQuarterLatte in New York’s ‘zombie’ office towers teeter as interest rates rise by rootbeer_racinette

Offices and storefronts are empty because landlords require a small fortune to lease one

NetQuarterLatte t1_izfd69w wrote on December 8, 2022 at 6:25 PM

Retail and office rent in NY have been declining almost every quarter since 2020. Meanwhile, vacancy is increasing.

ref: https://www.atlantafed.org/center-for-housing-and-policy/data-and-tools/commercial-real-estate-momentum-index

brianvan t1_izfedxl wrote on December 8, 2022 at 6:33 PM

erm that data says it’s positive-trending.