Thursday 23 April 2020

A third of Empire State Realty Trust tenants sought rent relief: Q1 report

Empire State Realty Trust said nearly one third of its office and retail tenants have asked for rent deferrals because of the coronavirus pandemic. The company, whose most prominent property is the Empire State Building, made the disclosure during its first quarter earnings call.  Spread across its entire portfolio, 170 tenants are asking for an average of  three months to pay back their rent, said Thomas Durels, executive vice president of real estate, during Thursday’s



source https://therealdeal.com/2020/04/23/a-third-of-empire-state-realty-trust-tenants-sought-rent-relief-q1-report/

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