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NYC Faces Retail Nightmare With Manhattan Struggling to Recover
- Streets are quiet with tourists at home and offices empty
- Lawsuits and defaults are piling up as tenants miss rent
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It’s been almost two months since Manhattan started to reopen, but the shoppers aren’t around.
Wealthy New Yorkers have decamped for the summer, or longer. Storefronts are boarded up in Soho, while the Times Square and Fifth Avenue sidewalks are quiet as a city devoid of office workers and tourists tries to regain its footing.