But its chief executive, who now conducts business over video calls, is mulling reducing its footprint. With hundreds of thousands of office workers, the commercial tenants have given rise to a vast ecosystem, from public transit to restaurants to shops. Looking forward, are people going to want to crowd into offices?’’Of course, the demise of the Manhattan office market has been predicted for decades, especially after the Sept 11, 2001, attacks. Still, when the dust settles, New York City could face a real estate reckoning. “This isn’t the nature of office work,” Tighe said, referring to work-from-home arrangements.

Source: bd News24 May 14, 2020 14:26 UTC