"For many years, it was, ‘Either you sign a 10-year lease or we have nothing to talk about.’ Everyone has to be more adaptable."

Ariel Schuster, a vice chairman at commercial real estate organization Newmark, commenting to The New York Times for its recent report, “As Omicron Bears Down on Retailers, Landlords Get Creative to Fill Space.” Tenants are being offered concessions like reduced rates and customized spaces, while vacant storefronts are being filled with pop-up shops and works by local artists, the NYT report noted.