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The 10 Worst Real Estate Disasters of 2020


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Empty offices, shut down retail stores, closing restaurants and literal fires are among the biggest real estate disasters of 2020. (Getty)
 
Vacant offices. Shuttered restaurants. Empty hotels.
The pressure on real estate was relentless this year as the pandemic took down struggling sectors and some healthy ones, too. Except for a few blessed sectors, such as industrial space (hello, Amazon!), fiascos were unavoidable.
To explain the catastrophe that was 2020, we picked 10 of the biggest real estate disasters to highlight.
Where is everybody?
Say this for the Partnership for New York City: It is no cheerleader.
The business group released surveys laying out in stark detail how empty city office buildings are. Attendance has risen from horrendous to merely abysmal. First 8 percent, then 10 percent, then 13. President Donald Trump called Gotham a “ghost town” and his lie trackers didn’t argue. ....

United States , New York , Tel Aviv , Sunset Park , Miami River , Magic City , Miller Samuel , Donald Trump , Jonathan Miller , Avra Jain , David Werner , Bob Zangrillo , Carlos Menchaca , Anthony Malkin , Capital Group , Empire State Realty , Partnership For New York City , Chinese Communist Party , Ascena Retail Group , Neiman Marcus , City Council , Simon Property Group , Tel Aviv Stock Exchange , New York City , Brookfield Property Partners , Home Depot ,