I was reading that a lot of firms have either gone full remote or have played their hands right and had the ability to get into luxury offices where normally they couldn't. This has left a lot of regular offices vacant obviously. It will be really tough to convert them and the landlords are probably going to want subsidies for conversions. That being said though making Manhattan more affordable could be fantastic for local businesses.
rabbiddolphin8 t1_ja8tz1g wrote
Reply to Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs
I was reading that a lot of firms have either gone full remote or have played their hands right and had the ability to get into luxury offices where normally they couldn't. This has left a lot of regular offices vacant obviously. It will be really tough to convert them and the landlords are probably going to want subsidies for conversions. That being said though making Manhattan more affordable could be fantastic for local businesses.