The 2021 Real Estate Power 100
The coronavirus pandemic has hammered the real estate industry. In a matter of days, offices, restaurants and shopping centers went dark. In Manhattan, asking rents in major retail corridors fell by as much as 25% year over year. Filings to construct new buildings across New York City fell 22%, and at the end of 2020 just 10% of the one million office workers in Manhattan were working in their offices.
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