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What a $1 deal says about America’s office market

New York City deli owner Jimmy Yavrodi looks grimly out of the shop that he opened 27 years ago in one of the city’s prime business districts.

“Everything is empty,” he says. “I don’t understand it.”

From his perch on Park Avenue South, the 61-year-old sent two children to university and employed 12 people, slinging sandwiches and salads for the office workers that streamed in from nearby buildings.

These days it offers a window from which to watch what some are calling America’s office “apocalypse”.

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