New York’s slow return-to-office pace, delayed further by the COVID-19 omicron variant, has pushed office vacancies to what city officials are calling a 40-year high. That comes even as the number of COVID-19 cases in recent weeks has declined, highlighting how worker preferences and company policies are keeping office buildings mostly empty.
New York’s Office Vacancy Rate Hits 40-Year High, Even As COVID-19 Cases Fall
Office Leasing Volume Remains 35% Below Pre-Pandemic Levels, According to JLL Report
By Andria Cheng
CoStar News
February 17, 2022 | 9:18 P.M.
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