Remote work wipes a potential $50 billion of New York office buildings

NEW YORK CITY OCTOBER 03 : An Retail advertisement<br />
Displayed in Mid town Manhattan on October 03,2022<br />
in New York City. New York leasing demand has bounced back toward pre-pandemic levels, the corridor has 29% of office space available for tenants, nearly double the amount four years ago and above the city’s overall rate of 19%, according to research from brokerage firm Savills. (Photo by Kena Betancur/VIEWpress)

NEW YORK CITY OCTOBER 03 : An Retail advertisement
Displayed in Mid town Manhattan on October 03,2022
in New York City. New York leasing demand has bounced back toward pre-pandemic levels, the corridor has 29% of office space available for tenants, nearly double the amount four years ago and above the city’s overall rate of 19%, according to research from brokerage firm Savills. (Photo by Kena Betancur/VIEWpress)

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Remote work wipes a potential $50 billion of New York office buildings