NYC commercial real estate facing record vacancies, low occupancy: ‘People are not coming back’
The Peebles Corporation founder and CEO Don Peebles analyzes New York City’s commercial office space market amid a heavy drop in demand on ‘Mornings with Maria.’
During an interview on “Mornings with Maria” Friday, Peebles Corporation founder and CEO Don Peebles weighed in on the volatile housing market, arguing that New York City is suffering from a record-breaking number of commercial office vacancies because businesses are moving to “low tax environments.”
DON PEEBLES: All cities aren’t created equally. New York City has changed dramatically. People are not coming back into their offices. And as a result of the decline in