Quote:
Originally Posted by Tiredofnyclife
Commercial real estate is still in the dumps.
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This is the bigger fiscal concern. Residential RE was always going to recover, If WFH stays perm and it very likely will, the city is going to have to come up with a way to offset the massive tax loss from decline in RE taxes. The loss of commuters will also lead to more financial issues for the MTA and closure of small businesses that rely on foot traffic.