NEW YORK – March 10, 2022 – Cheaper store rents also helped immunize the tony Manhattan enclave against the economic ill effects of COVID. A big rezoning now looms.
Ed Coury, a managing director at RCS Real Estate Advisors, remembers the SoHo of that first pandemic summer as decidedly less than idyllic.
“If you would have walked through SoHo, driven through SoHo, you would have thought that there had been a world war,” Coury told Commercial Observer. “It was unrecognizable.”