Big Box Bust: What Does the Future Hold for NYC’s Empty Department Stores?

Big Box Bust: What Does the Future Hold for NYC’s Empty Department Stores?

As COVID-19 accelerates the decline of department stores and traditional apparel brands, some New York City landlords and brokers are facing the question of what to do with the cavernous, mostly windowless blocks of space that were once major shopping hubs. That...
Self-Storage Sector Holds Up Amid the Pandemic

Self-Storage Sector Holds Up Amid the Pandemic

A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties...