NYC Office Space Glut Made Worse By Remote Work As Older Towers Face High Vacancy

Is New York City’s central business district finally recovering after Covid-19? The simple answer is no. Although residential rents in Manhattan were inflated to record highs, the rise of remote work quelled any recovery for the office space market in the borough.  Bloomberg reported blocks of decades-old office buildings sitting partially empty are becoming a multibillion-dollar problem … Continue reading NYC Office Space Glut Made Worse By Remote Work As Older Towers Face High Vacancy