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<p>[QUOTE=&quot;krispy, post: 672889, member: 19065&quot;]I do not work in real estate however, rents for commercial spaces in NYC are the lowest they have been in over 10 years, prices are down all over the city for both commerical and residential. Residential rent prices are down as much as 10% this year. Commercial vacancies are as high as 12%. Midtown has a glut of vacant commercial space. I have heard figures as high as 18M square feet empty, and primarily due to the economy. So it&#039;s not really high rent to blame here. Coin shops have been gone from the city for years prior. It&#039;s just not easy to be profitable in dealing coins in a retail space, let alone in a high priced urban space like NYC. Yes, rent is still high but operating a retail coin shop is almost folly here it seems and most dealers can be more profitable online or in other markets. I wish there were more shops in the city but you have to get some distance out into the surrounding suburban area to find the traditional shops.[/QUOTE]</p><p><br /></p>

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