MTA offering cut-rate deals to fill retail space as NYC real estate market continues to drag

The Metropolitan Transportation Authority (MTA) is offering discounted deals to fill retail spaces in New York City as the real estate market continues to struggle. More than 80% of retail spaces in subway stations are currently vacant due to the impact of the pandemic. The MTA is considering filling these empty spaces with art installations to attract businesses and visitors. This initiative aims to revitalize the retail sector in the city and bring back economic activity to these transit hubs. It is a creative solution to address the challenges posed by the current real estate market conditions in NYC.