Re:Rents are dropping across the US
by tartoran on Wednesday June 17, 2020 @09:43PM
(#23558907)
In the commercial sense a ghost town compared to 20 years ago when I first moved here. But yes, I think it’s not the right word.
I don’t know any official figure but I’ve seen entire blocks half-occupied or even less than that (storefronts) about half a year ago when I ventured to Manhattan. I was shocked then and imagine it must be worse now. I was reading an article about the real storefront occupancy rate in Manhattan and it is not a known thing. Various realtors have their internal figures but they don’t share it with the world, so any figures may as well be inflated by them. The bubble is wobbly if you ask me
I don’t know any official figure but I’ve seen entire blocks half-occupied or even less than that (storefronts) about half a year ago when I ventured to Manhattan. I was shocked then and imagine it must be worse now. I was reading an article about the real storefront occupancy rate in Manhattan and it is not a known thing. Various realtors have their internal figures but they don’t share it with the world, so any figures may as well be inflated by them. The bubble is wobbly if you ask me