The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
The software and business model is “transparent and more sustainable” than other lease arrangements, the company noted.
The only thing tenants and landlords agree on right now is the government needs to offer guidance on paying rent during the coronavirus.
The current pandemic is magnifying retail’s great divide.
In a new era of social distancing, with shops now shuttered and dim hopes that business will bounce back quickly, frustrations are rising.
Retailers are asking for rent relief. Landlords are thinking it over.
The Garment District Alliance is sharing the Real Estate Board of New York’s guidelines with area tenants and stakeholders.
The California Market Center is still home to some brand showrooms, but now more a center of office and retail space in burgeoning downtown L.A.
Despite upbeat news for jobs and consumer confidence, prices for retail space still fell.