Another one bites the dust
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New York City's own airline Jet Blue which has its own terminal at NYC's JFK airport( with free WiFi and great food outlets) maybe moving away from the city when the lease on its headquarters in the Queen's section of Forest Hill expires in 2012. News reports however say the airline may actually leave within the next 6 months unless the city gives it an incentive to stay -http://www.fox11az.com/news/business/82181827.html
. I think it may have to do with revised rents.
So many stores and businesses have had to move away from NYC recently but in spite of this rents on commercial property continue to rise-http://www.crainsnewyork.com/article/20100117/FREE/301179964
. Are landlords in this city crazy? would they have empty properties rather than lower rents? a walk around the 80's on the Upper East Side yesterday revealed a startling amount of shuttered stores some of which have been empty for months. Does this make any economic sense?
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