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this post was submitted on 22 Oct 2023
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chapotraphouse
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This is why so much of NYC retail space is just “for rent” signs. Landlords got spoiled by those years when national banks, pharmacy chains, and high-end realtors were setting up branches every other block. Now they’d rather just let these spaces sit empty and wait for the unicorn tenant that can afford their ridiculous prices. And this isn’t just a thing on the minor strips/outer boroughs, 5th Avenue in manhattan is a ghost town, relatively speaking.
That seems to be the problem with both employers and landlords alike, is that they DO have the time and money to wait for unicorns exclusively.
NYC seems like it would be a cool-ass oasis in the Great Satan. But turns out "undesirables" are pretty damn good for property values.