[circlecity]

Commercial high business rents have gone into the toilet. Covid lockdowns and Zoom taught us we don’t need to pay 120K a month for 30k sq. Feet of office space in the inner city. That’s over. Major urban rethinking coming.

[Alberta's Child]

I think you're onto something. I suspect landlords are hiking their residential rents to make up for all the lost rental income from commercial space.

One of the advantages of owning apartments in NYC is that tenants can always cram more people into an apartment to spread out the cost. That's something that can't really be done in commercial space -- especially retail stores.

[Clemenza]

Commercial office space occupancy is awful in nearly every metro - people aren’t coming back to the office five days a week anymore. BTW: Zoom sucks - Teams is better!