Unibail Rodamco Westfield and Hammerson Plc reported earnings that rebounded in the first half of the year as the impact of the pandemic subsided more quickly than expected.

The number of riders using the 59th Street stop has been declining for years now. Since 2014, it’s down more than 50 percent. The lockdowns, coupled with the unhurried return of office workers, only served to exacerbate that downturn.

Despite repricing taking place in the sector, overall fundamentals remain strong with leasing for the 2022-23 academic year at healthy levels.