Brick-and-Mortar Meltdown Manhattan Style, Year 6: Have Retail-Shop Rents Collapsed Enough Yet?

The meltdown of street-level retail space along the 17 major shopping corridors in Manhattan – some of them world renown and immensely expensive – kicked off in 2015, and most of it happened before the pandemic. The pandemic dragged the meltdown into its sixth year. Landlords and retailers are trying to find their way in a new environment. And in the process the old sky-high rents of 2015 have collapsed. Read more at Wolf Street.