Office vacancy in New York higher than post-9/11 or Great Recession of 2008 - News Summed Up

Office vacancy in New York higher than post-9/11 or Great Recession of 2008


And Citigroup executives have said they worry about workers' productivity if they're not brought back into the office eventually. As of early March, only 10 per cent of Manhattan office employees had returned to their offices, according to a 'return to office' survey conducted by the Partnership for New York. Facebook leases more than 2.2 million square feet of office space for its thousands of employees in New York. The cloud-based software company has told staff who don't need to be in the office they can work remotely full time. Last October, Twitter CEO Jack Dorsey told staff, many of whom work in San Francisco, they could work from home forever if they wished to.


Source: Daily Mail March 29, 2021 16:07 UTC



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