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“New signed contracts for all three property types combined expanded annually for the past three months. The new signed contract gains were significantly larger for this March and April because the year-ago period marked the early days of the pandemic lockdown. New inventory jumped annually for the most recent two months for the same reason.”
(source: millersamuel.com)
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Round-the-clock subway service in New York City resumed May 17 after more than a year of late-night, pandemic-related closures.
Gov. Andrew Cuomo made the announcement in late April wrapped it into a broader swath of reopening announcements that end most pandemic-related capacity limits and eliminate restaurant curfews.
“The city that never sleeps is slowly—but surely—living up to its name again and waking up from the COVID-19 pandemic, but so should the subway system—and ASAP,” Sen.Schumer said in a statement.
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Federal health officials declared that fully vaccinated people could go into most environments regardless of crowd size without a face-covering or without social distancing.
The guidance does come with a few caveats. CDC officials said that people will still need to wear face-coverings when traveling on airplanes, buses, trains and on public transportation. Fully vaccinated people will also still need to keep their faces covered in hospitals and long-term care facilities, officials announced.
As of Wednesday 5/12, more than ...
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Manhattan retailers are still waiting for the return of tourists to 5th Avenue and employees to Midtown offices, but some retail corridors outside of the central business district have seen metrics return almost to where they were before the pandemic.
Vacancies and rents in the Bronx’s main retail area, Fordham Road, are near normal, the New York Times reported. The vacancy rate is 3 percent, according to the Fordham Road Business Improvement District.
Meanwhile, in Brooklyn, new residential development has aided projects ...
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It’s getting difficult to get a reservation at certain restaurants in Miami as new residents continue to flood into the area.
Restaurants from New York and all over the country are lining up to open in Miami, as they try to capitalize on the great migration here that has been accelerated by the pandemic, both outlets reported.
One restaurant broker said that he has been contacted by 150 different groups in the past 60 days alone looking for space ...
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Occupancy for the month of January was 54.5%, with an average daily room rate of $195.08. Both were the highest of any major market in the U.S. for the month.
In February, Miami continued to post the best number in the U.S.Occupancy was up to 75.8% in the third week of the month.
According to Travel Weekly, oceanfront hotels are doing particularly well, with most beach resorts reporting 80% to 90% on weekends. The numbers are particularly encouraging since ...
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