Empire State Realty Trust Slays Forecasts After Tourism Income Plummets

Bisnow reports that the owner of the Empire State Building experienced a sharp decline in tourism revenue during the second quarter, leading to a $166 million write-down. Visitors to the iconic skyscraper's 86th-floor deck dropped by nearly 30% year-over-year. This slump has forc

Bisnow reports that the owner of the Empire State Building experienced a sharp decline in tourism revenue during the second quarter, leading to a $166 million write-down. Visitors to the iconic skyscraper's 86th-floor deck dropped by nearly 30% year-over-year. This slump has forc