Cuomo pushes employers to force their employees return to NYC
11–20 of 63 posts
Re: Cuomo pushes employers to force their employees return to NYC
#12FTFY
Re: Cuomo pushes employers to force their employees return to NYC
#13He means the commercial real estate market.
Remote work is terrifying to NYC commercial landlords. Right now, about 17% of NYC commercial real estate is on the market as vacant. A lot more is probably leased but unused. Are all those skyscrapers really necessary?
If SF had a 15% decline in people coming back to the office, that would probably be a win.
Re: Cuomo pushes employers to force their employees return to NYC
#14Has to get funded somehow!
Re: Cuomo pushes employers to force their employees return to NYC
#15It's not like he's mandating offices force people back in or face penalties
Re: Cuomo pushes employers to force their employees return to NYC
#16Re: Cuomo pushes employers to force their employees return to NYC
#17How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...
Re: Cuomo pushes employers to force their employees return to NYC
#18How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...
Honestly, I was pointing out these "conspiracy theories" back in 2020 and nobody cared then and frankly nobody cares now. Complacency and apathy of The People -- that's how he's not impeached. The same goes for many other representatives.
Re: Cuomo pushes employers to force their employees return to NYC
#19How has he not been impeached already? https://nypost.com/2021/06/15/cuomo-nursing-home-order-cause... https://www.nytimes.com/2021/03/04/nyregion/cuomo-nursing-ho...
Re: Cuomo pushes employers to force their employees return to NYC
#20"Remember, we have to get people back and we have to get people back in volume. If you were to see a 15% decline of people coming back to New York City, that would have a devastating impact on the commercial market," Cuomo said. He means the commercial real estate market. Remote work is terrifying to NYC commercial landlords. Right now, about 17% of NYC commercial real estate is on the market as vacant. A lot more is…
"A third of leases at large Manhattan buildings will expire over the next three years, according to CBRE, a commercial real estate services company, and companies have made clear they will need significantly less space."
Yet there's still 14 million square feet of commercial space under construction.
Anyone need a spare skyscraper?