Quote:
Originally Posted by 65 Feet
Is this response about the current state of retail property in Manhattan. If it was I believe the poster was talking about the Manhattan in New York City and not the Manhattan in Fantasyland. The retail situation is horrible but then again you would have to actually walk the streets to know it and not read investor sites that claim all is well, please keep the money coming.
|
It's been quite lousy, and it's still not great. But yes, it's on the upswing. Rental asks are down and so are vacancies in many neighborhoods. Logically. Even you should be able to understand it. Most months, I am in Manhattan once a month and do walk the streets. I find Bleecker especially improved, and it had hit rock bottom and was in really bad shape early 2018. You'd probably have a better sense of things if you weren't sitting on your ass here in Philly playing keyboard warrior and trying (but failing) to get some zingers in.