Movie theaters, fitness studios and beauty salons continue to struggle, while drugstores, pet supply stores and supermarkets are keeping up with rent payments.
The number of coffee shops in the U.S. is shrinking for the first time in nine years. The winter could bring another wave in closures.
The median monthly rate for a studio apartment in the city fell by 31 percent year-over-year, compared to a 0.5 percent decline nationally.
The spaces operate on a platform similar to co-working, with month-to-month membership agreements instead of leases.
October is often New York hotels’ busiest month. Last week, occupancy was hovering under 40 percent.
Private equity investments in proptech firms increased in dollar volume during the period, but deal count was down almost 40 percent.
Provisions like these can help both landlords and tenants.
