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As a result, large employers like Condé Nast and JPMorgan Chase have given up office space, which contributes to the availability of about 19 percent of Manhattan offices, according to Newmark, a real estate services firm, nearly double the average rate last year. ten years.
According to Kastle Systems, about 28 percent of office workers in the New York City area, which includes parts of New Jersey, Connecticut, and Pennsylvania, have returned to the office as of last week, more than double the rate from a few months ago, using employee card passes in office buildings. A security company that monitors. Kastle said the nationwide average is 33.6 percent.
Kate Lister, head of Global Workplace Analytics, a consulting firm that advises companies on return-to-office policies, said hybrid work will continue to be an enduring feature of work culture after the pandemic.
Office space will not disappear, but Ms. Lister added, “Total space will decrease.”
Still, elected officials in New York tried to portray Google’s announcement as a sign of the city’s recovery.
“This announcement from Google is further proof that New York’s economy is recovering and rebuilding,” said Kathy Hochul, a Democrat in government. “We create jobs, invest in emerging industries, get New Yorkers up and write our comeback story together.”
Mayor Bill de Blasio described the deal as “a historic investment in New York”. process First reported by The Wall Street Journal.
st. When the John’s building opens after construction is complete in mid-2023, Google will have more than 3.1 million square feet of office space in New York, making it one of the largest homeowners in the city.
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