Manhattan’s Office Buildings Are Empty. But for How Long?

SourceThe New York Times
SectorEconomy
CountryOman

The Coronavirus OutbreakliveLatest UpdatesMaps and CasesVaccine TrackerEviction MoratoriumAmerican HungerCredit...Vincent Tullo for The New York TimesSkip to contentSkip to site indexAs they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes.Credit...Vincent Tullo for The New York TimesBy Julie Creswell and Peter EavisSept. 8, 2020, 4:23 p.m. ETEven as the coronavirus pandemic appears to recede in New York, corporations have been reluctant to call their workers back to their skyscrapers and are showing even more reticence about committing to the city long term.Fewer than 10 percent of the New York’s office workers had returned as of last month and just a quarter of major employers expect to bring their people back by the end of the year, according to a new ...read more...