$9B Plunge in NYC Commercial Real Estate Sets Up Brutal Political Fight Over Shrinking Tax Pie

New York Post, Jan. 23, 2023–New York Post Editorial Board
Per the city Finance Department, the total value of Gotham’s commercial real estate — offices, stores and hotels — is nearly $9 billion short of its most recent high. And it’s likely headed down more, as companies downsize their office footprints and stores across the city close.
https://nypost.com/2023/01/21/9b-plunge-in-nyc-real-estate-sets-up-brutal-political-fight/