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NYC Restaurant Real Estate Crisis | Real Estate News
NYC’s restaurant scene is hotter than ever—jobs boomed between 2009 and 2019, but now finding a spot, especially in Manhattan, is nearly impossible. High demand, skyrocketing rents, and costly infrastructure make it tough to break even, even as employment rebounds. Chefs are rebranding instead of relocating, and big players like David Switzer are buying buildings outright—like Rezdôra’s seven-million-dollar purchase—to test new concepts. It’s a brutal, expensive game where only the most serious investors can play. Listen in comfort:Get a discount on a Soli Pillow…
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