Posted on 04/30/2022 7:06:13 PM PDT by MinorityRepublican
The Big Apple’s road to recovery will be long — and complicated.
City Hall projected in budget documents released this week that it expects at least 20 percent of the five boroughs’ office space will remain empty through at least 2026.
That’s double the pre-pandemic vacancy rate, which sat at about 10 percent — and the first time the vacancy rate has soared above 15 percent for a sustained period of time since the crippling recession of the early 1990s.
And Mayor Eric Adams told The Post’s Editorial Board on Wednesday that ongoing resistance from employees to returning to working in Manhattan’s massive office towers will complicate the city’s rebound from the coronavirus pandemic.
“We know post-COVID we’re going to be dealing with a different universe, may go to a four day work week for some,” Adams told the paper.
“It is a real concern,” he added. “We’re going to have to get to the table with all of our business leaders, our economists — and really, we can’t stumble into post-COVID.”
(Excerpt) Read more at nypost.com ...
Stop forcing people to get vaccinated or lose your job. What a bunch of ahs.
Throw in a black De Blasio communist and you have the making of success .... /s/s/s/s/s/s/s/s
Stupid “COVID” restrictions, rampant crime, and socialism.
People like staying home. Easier to take breaks and never need to shower. I doubt they accomplish as much as being in the office does, however.
Not just office rents will suffer from this. Restaurants and after work bars will suffer. Clothing sales and grooming products will fall. Baby sitters in some cases will not be needed,
Joe needs to start a campaign. Go back to the office and save the economy! Let’s go to the office Brandon!
This retarded mutant should have thought about all these things before he doubled down on the dystopian fiasco his predecessor built since the COVID mess began.
Ha!
NYC has irrevocably complicated NYS's recovery.
And, with no light at the end of the subway.
Why should people venture outside their home in a city where each day brings new stabbings and other assaults on the subway, on the sidewalk, etc. Each day brings new drive-by shootings of innocent bystanders, including children? Posh Manhattan stores are now keeping their doors closed due to a huge amount of window smash and grab crimes. Repeat offenders are once again released without bail. Matter of fact, decent people should leave NYC and leave it for the subhuman savages responsible for most of these crimes. No, you don’t have to look.
Productivity for people who work at home has been demonstrated to be higher than before Covid; sick time off is also down.
Add that to a lack of opportunity for employees with no contact with each other to create a sexual harassment situation, and it really is a wonder why an employer would want anyone back in the office if the work was done at least as well by a staff who worked from home.
Cities with a future would not tolerate any of that.
Having strangled businesses for two years, the Leftists in control no whine that no one wants to return to the city. Why would they? Pay extra to commute on a filthy subway with an increasing probability of being mugged or murdered? Pay exorbitant fuel prices to waste hours in traffic commuting?
Stupid Leftists want to now magically uncook the goose they cooked.
New York City won't be what it used to be. People will move on.
Jobs involving Funerals are bound to be booming in NYC.
Forced vaxx to keep job.
Forced mask to get to work on public transit.
The peasants are in full rebellion...and long overdue!
same guy different color
No one ever got mugged and shot, stomped on or pushed in front of a train while working from home, for being white or Asian.
Once the mayor sends BLM thugs to your home, problem solved.
Note to Gothamites: Want to save your city? See my tagline.
I can see Manhattan from my window and am there at least twice a week. I can tolerate a rise in crime (I’ve seen worse) and high taxes (it has always been this). What I can’t tolerate is a government that went too heavy handed on WuFlu restrictions, always threatening to go back with its “COVID risk color coding,” and the citizenry supporting such BS. Don’t get me started on all the (disproportionately east and south Asian owned) small businesses that require a face diaper either. It sucked the life out of much of the city that made it interesting, now it’s on the verge of becoming Filthadelphia. Sad to say there is no large city in the United States that is any better though.
I think this is just one more indicator that despite conservative hysteria, there won’t be another attempt at a lockdown.
Here in the northeast, especially the NYC metro area, the response to COVID has hastened the economic deterioration. When you reach a certain tipping point (and we probably have already), good new jobs can’t come in because the skilled workforce isn’t here to do the work (if it can’t be outsourced to another location).
This was clear when Amazon briefly discussed NYC as a site for HQ2; there aren’t tens of thousands sitting around waiting for those jobs anymore (many left after the 2007/08 collapse, joining an ongoing slow exodus of businesses and talent). There are hundreds of thousands of people sitting around here, but they aren’t looking for work - just sugar daddies (companies OR gubmint) to provide everything to them.
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