pre-pandemic Archives - Marketplace

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Rents for New York retail space haven’t caught up to pre-pandemic highs

by Samantha Fields

Jan 23, 2024

Retail rents in Manhattan in late 2023 were still 20% to 30% below 2019 levels, thanks in part to fewer tourists and office workers.

"Some of the retail corridors like Fifth Avenue and Times Square have a little bit more vacancy than they did," said Keith DeCoster of the Real Estate Board of New York.

Alexi Rosenfeld/Getty Images

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Pandemic-era retirements have left a gap in the labor force

by Kristin Schwab

Mar 7, 2023

About 2.2 million more people are retired than the Federal Reserve had expected.

Fear of contracting COVID-19 in their workplaces led some older adults to retire sooner than planned. Higher property values and bigger investment accounts helped others make the transition.

Joe Raedle/Getty Images

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