Relevant:
- Retail rents plummet across New York City, a warning for other areas
- NYC Landlords Slash Retail Rents to Ward Off Vacancies
- City of London Rents Increase at a Record Pace on Lack of New Office Space
- Remote Work Is Here to Stay. Manhattan May Never Be the Same.
- Office Vacancies Soar in New York, a Dire Sign for the City's Recovery
2020-06-26 — bloomberg.com
Some offices in New York City have reopened, though many buildings remain empty. The city faces a long recovery with workers wary of public transportation and dense workplaces.
"Many assume that when the stay-at-home measures are lifted, there will still be Covid-19 fears that will continue to materially influence behaviors and the economy," Savills said. "These fears will likely remain until a vaccine or antibody therapy is developed and widely available, which experts currently estimate is at least 12 months away."
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