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Manhattan is also struggling with a high vacancy rate.
Once things return to normal, grocers pandemic-related momentum could be lost unless they retool for the strategic challenges ahead.
Customer transaction declines at major US restaurant chains held steady at negative 9% every week in October.
Expect a wave of consolidation on the horizon.
The sector's vacancy rate increased by 0.2% in Q3 to 10.4%, according to REIS.
Several firm leaders say they are concerned about the impact of remote work on firm culture and associate mentoring.
While owners of lower B and C apartments might be struggling now, there are many tailwinds behind rental housing.
While owners haven't been forced to sell like they were during the Global Financial Crisis, income challenges may prompt dispositions in some sectors.
Rent growth has even been sluggish in cities where it was positive.
As vacancies increased, asking rents rose 0.2%.