Some landlords are adjusting rent, while others hold firm. Their decisions are reshaping New York City’s neighborhoods. Source: New York Times
Posts published in “Landlords”
Manhattan’s Office Buildings Are Empty. But for How Long?
By Gotham Rex on September 8, 2020
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes. Source: New York Times
Manhattan Vacancy Rate Climbs, and Rents Drop 10%
By Gotham Rex on August 18, 2020
There were more than 67,300 units available in July across the city as it tries to rebound from the coronavirus outbreak. Source: New York Times
One-Third of New York’s Small Businesses May Be Gone Forever
By Gotham Rex on August 3, 2020
Small-business owners said they have exhausted federal and local assistance and see no end in sight after months of sharp revenue drops. Now, many are closing their shops and restaurants for good. Source: New York Times
Amid Pandemic, N.Y.C. Likely to Freeze, but Not Cut, Rent for 2 Million
By Gotham Rex on June 17, 2020
Landlords have urged the Rent Guidelines Board to raise rents. Tenants want a decrease, citing the coronavirus and the state of the economy. Source: New York Times