Moody’s Predicts NYC Rents will Fall as Much as 21% in 2020
August 20, 2020NEW YORK—Moody’s Analytics released its new forecasts for commercial real estate rents and vacancies on Aug. 17 and predicted that office and retail rents will drop sharply due to COVID-19 in 2020 and beyond. Noting that the office property sector was already experiencing downward pressure on the usage intensity of office space even before the…
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