- New York City office-using employment has increased for three straight months.
- Mobility has increased steadily, with bridge and tunnel traffic surpassing pre-pandemic levels.
- With capacity restrictions loosened, many notable restaurants have reopened their doors.
- There are more new tenant requirements this year than there were at this time in 2019 and 2020.
- Leasing velocity is expected to pick up in the second half of the year as a result of vaccine effectiveness, improved business confidence, and employees returning to the office.
New York City’s Path To Recovery
After more than a year of the COVID-19 pandemic, the sentiment surrounding the reopening of New York City is finally beginning to change. This report examines current trends and the changing narratives of New York City’s office and retail markets.
Inflections and Recoveries : How New York City’s Real Estate Sector Has Recovered From Periods of Significant Decline
The Pandemic and the Manhattan Office Market - Impact and Projections
Pandemic: A Period in Time and the Path Forward