Douglass Eliman Real Estate, a prominent commercial real estate broker in NYC estimated that in 2018, 20% of retail space in Manhattan was vacant. That was up from 7% in 2016. They attributed this to online retail.
Pandemic related vacancies have already rippled through the commercial real estate world. This pleated, polished, half-pill shaped, stainless steel casework on casters provides an alternative to complete interior renovation on empty commercial spaces. Instead, the pleated and mirrored surfaces activate the interior by reflecting off of each other and other elements in the space.