Deli owner in NYC's prime business district faces challenges due to office vacancies and conversions.
Deli owner Jimmy Yavrodi in NYC's prime business district says his business can't survive without office workers. The area's office "apocalypse" is evident as buildings like the Flatiron Building remain vacant since 2019 and will be converted to condos. IBM, the anchor tenant for a new office near Madison Square Park, is consolidating from other spaces in the city. The transformation of office spaces raises questions about the future of America's office market.
March 10, 2024
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