New York Commercial Real Estate is F*cked

Amidst all of the retail carnage, say hello to the one-week pop-up store lease (NYT firewall). Choice quote: "'[I]t must be really scary right now' for owners in SoHo...." Note that the article highlights that major firms do not track popups which screams of a data opportunity for the entrepreneurial set. Also, one-year rental deals are becoming all of the rage (here, Lululemon in NYC).