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Re:Manhattan rents cross $5k threshold for first time by mancerayder on Thursday July 14, 2022 @11:47AM (#32097584)
do you have evidence for this?

Vacancy rates are well low at the moment.

Re:Manhattan rents cross $5k threshold for first time by dougSF70 on Thursday July 14, 2022 @11:58AM (#32097732)
I think this a feature of accounting practices. Mark down rent means you mark down the asset value of the building on your balance sheet. This reduces the value of your business which means loans secured against the business are in jeopardy and it limits the potential to borrow more money. This is why commercial rents going down is a rare event. Fwiw i am not an accountant and could well be wrong.
Re:Manhattan rents cross $5k threshold for first time by xhrpost on Thursday July 14, 2022 @12:08PM (#32097873)