NYC retailers take big COVID-19 hit
September 22, 2020
The novel coronavirus outbreak forced retail stores and restaurants to close in New York City. It also meant many white-collar office workers are now working from their homes in the suburbs and a large number of city dwellers have moved out of the city. At the same time, tourist visits to New York have all but vanished, leaving businesses in a bind. CoStar expects that 7,700 stores and restaurants will be forced to close by the end of 2020.
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