New York and Other Cities Are Being Devastated by This

The pandemic-inspired shift to work from home has had a profound effect on the office real estate market.

New York City has more than 451 million square feet of office space, accounting for nearly 11% of the total office inventory in the US, according to LiquidSpace.

So of course NYC Mayor Eric Adams has been adamant that employees should return to the office. But nearly 80% of city employers expected a hybrid work model going forward, according to a May survey by Partnership for New York City.

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