I guess the only good news in this is that the elites plan on letting things get back to a sort of normal so that there is actually a demand among business to rent office space in NYC.
Bullsh1t. No restaurants crime everywhere and people working from home in another state.
Amazon just bought a third warehouse on staten island.
And a number of friends have gone back to work in manhattan though a number are also still working from home.
It will be interesting to see what happens.
Working from home saves big companies expensive rents but the older time managers want people in person and meetings in person.
And big money deals will always be done in expensive restaurants and not on zoom.
At least for a little while longer.
It seems strange me that NYC real estate development hasn’t decreased. Looking at the YIMBY NYC real estate development page everyday, RE development continues on a large scale.
Outrageous!