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According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York
Despite the issues facing retail due to the pandemic, the Weitzman team leased all of the roughly 20,000-square-foot Shops on Main and a lease is in the works for one remaining 2,566-square-foot space.