Wednesday 19 August 2020

Is the Empire State Building a symbol of Covid woes?

The Empire State Building may be at the nexus of several issues putting pressure on commercial landlords. The landmark tower’s reliance on tourism to drive revenue to its observation deck and the shift toward remote work or satellite offices could make it more vulnerable than some of its peers, according to the Wall Street Journal. As tourism has fallen, revenue from the building’s observation deck has fallen to a mere $86,000 last quarter, down from



source https://therealdeal.com/2020/08/19/is-the-empire-state-building-a-symbol-of-covid-woes/

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