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Cuomo pushes employers to force their employees return to NYC

foxbusiness.com

11–20 of 63 posts

Re: Cuomo pushes employers to force their employees return to NYC

#13
"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 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

#15
So he basically just suggested that employers should encourage employee to come back to the office? Given the audience, and what the city stand to lose, his comments seem appropriate to me.

It'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

#17

How 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

#18
post #17

How 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.

Are you implying that the NY Times is promoting conspiracy theories?

Re: Cuomo pushes employers to force their employees return to NYC

#19

How 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...

I thought those links would be about all the sexual assault allegations that somehow disappeared with no consequences. I had forgotten about all about the nursing home thing. How is this guy still in office?!?

Re: Cuomo pushes employers to force their employees return to NYC

#20
post #13

"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…

Update: 19% vacant, per NYT. 21% in downtown Manhattan.

"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?

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