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Acasa => Coronavirus COVID-19 => Retail rents plummet across New York City, as America’s glitzy shopping districts turn into ghost towns

Retail rents plummet across New York City, as America’s glitzy shopping districts turn into ghost towns

New York City retail rent dropped below $700 for the first time since 2011. These plummeting prices should serve as a warning for other glitzy shopping districts.

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