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New York Won’t Know Its Bottom Until First Quarter Next Year, Empire State CEO Says

Landlord’s First-Quarter Occupancy Rate Declines Amid Rise in Remote Working
Empire State Realty Trust properties include One Grand Central Place at 60 E. 42nd St. in New York. (CoStar)
Empire State Realty Trust properties include One Grand Central Place at 60 E. 42nd St. in New York. (CoStar)
CoStar News
April 29, 2021 | 8:49 P.M.

Even as New York reopens and gradually recovers from the fallout of coronavirus, Anthony Malkin, the chairman, president and CEO of Empire State Realty Trust, says he is a “realist.”

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News | New York Won’t Know Its Bottom Until First Quarter Next Year, Empire State CEO Says