Manhattan Office Market’s 25% Drop is Ominous Sign for Landlords

The Real Deal (New York), April 08, 2021
With offices shrinking in a post-Covid world, the world will never be the same for some landlords. The market value of office towers in Manhattan has plummeted by 25 percent over the past year, the New York Times reported. This contributed to an estimated $1 billion drop in property tax revenue.
https://therealdeal.com/2021/04/08/manhattan-office-markets-25-drop-is-ominous-sign-for-landlords/