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Empty State Building Term Meaning in Real Estate - Guide
Empty State Building Term Meaning in Real Estate - Guide
We’ve all heard of the Empire State Building in New York, USA. But do you know about the Empty State Building?

We've all heard of the Empire State Building in New York, USA. But do you know about the Empty State Building?

The Empire State Building was primarily designed to house corporate offices. It opened in 1931, just two years after the Great Depression had hit the country. As a result, when it opened, less than 25 per-cent of its retail space was occupied since many businesses had crashed. This huge financial failure brought about the nickname- Empty State Building.

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