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Amid intensifying calls to convert some older Manhattan office buildings to residential — including by the influential Real Estate Board of New York — comes even more grim news about the pandemic-battered market.
It’s scary to think about, but Manhattan’s office-leasing picture is worsening by the month.
If you think COVID was an accident you are a lunatic. It has everything to do with Trumps re election and his policies.
Why do you think the Paris agreement is back on for the first day of Biden. Billions of dollars have to line the pockets all over the world, while people in USA go bankrupt.
Trump was interfering with the cash flow. COVID was a great way to crush spirit, finances of the middle folk.
If you think COVID was an accident you are a lunatic. It has everything to do with Trumps re election and his policies.
Why do you think the Paris agreement is back on for the first day of Biden. Billions of dollars have to line the pockets all over the world, while people in USA go bankrupt.
Trump was interfering with the cash flow. COVID was a great way to crush spirit, finances of the middle folk.
Although I'm not sure that your comments directly relate to the subject of this discussion (Office leasing in Manhattan), I do agree with what you said, and will add that's why there was SO MUCH "manipulation" of the vote count. Trump's policies were crushing various "foreign interests", therefore he had to go. And believe me, I find this MOST frustrating.
Back on topic.....I'm retired, now, and have had Merrill Lynch as my financial partner for many years. Their local office for me, is on the outskirts of Rochester, NY. Since the pandemic struck, their workforce has been working remotely, with most of their staff at their homes, while their office has been virtually vacant, since early March, with no changes in sight...yet the lease payments, on this roughly 10-12,000 sq/ft building are still accruing. And it's not just Merrill Lynch that's in this situation. So yeah, office space is NOT at a premium, at least presently
Although I'm not sure that your comments directly relate to the subject of this discussion (Office leasing in Manhattan), I do agree with what you said, and will add that's why there was SO MUCH "manipulation" of the vote count. Trump's policies were crushing various "foreign interests", therefore he had to go. And believe me, I find this MOST frustrating.
Back on topic.....I'm retired, now, and have had Merrill Lynch as my financial partner for many years. Their local office for me, is on the outskirts of Rochester, NY. Since the pandemic struck, their workforce has been working remotely, with most of their staff at their homes, while their office has been virtually vacant, since early March, with no changes in sight...yet the lease payments, on this roughly 10-12,000 sq/ft building are still accruing. And it's not just Merrill Lynch that's in this situation. So yeah, office space is NOT at a premium, at least presently
Meaning, that companies were paying hand over first before to be in the city. The shift has taken place and that’s no longer the case. I do meetings for many companies virtually. Going forward, everyone agrees that meetings will be a hybrid, virtual and live and almost everyone agrees that there is no need for many to be going to an office 5 days a week.
Lot of companies will need less space if any at all.
Meaning, that companies were paying hand over first before to be in the city. The shift has taken place and that’s no longer the case. I do meetings for many companies virtually. Going forward, everyone agrees that meetings will be a hybrid, virtual and live and almost everyone agrees that there is no need for many to be going to an office 5 days a week.
Lot of companies will need less space if any at all.
I am seeing this with some companies. Others are claiming that their workers are not as productive. At first I wanted to work at work but now I am definitely wanting that flexibility and will try my best to incorporate it in my job search. I would hate to work at aplace where i chave to come in 5 days a week and have some a**h*** breathing down my throat. That's what they want to do. They want to be able to see your every little action.
I am seeing this with some companies. Others are claiming that their workers are not as productive. At first I wanted to work at work but now I am definitely wanting that flexibility and will try my best to incorporate it in my job search. I would hate to work at aplace where i chave to come in 5 days a week and have some a**h*** breathing down my throat. That's what they want to do. They want to be able to see your every little action.
For an introvert like me, this is heaven. I work better and actually enjoy my work without other people around me. No more fake smiles, fake conversations, having to listen to anyone . What a relief .
COVID was a relief for many like me. No more soul crushing commute, crowding, filth.
Companies see that they don’t have to drag every person to work .
Wife misses the chit chat and interactions in her office. She’s working a lot more now that she’s working from home.
I like the work from him aspect. Im sure when things settle and placing go back to normal, most companies will have flexible work from home policies in place so it wont be the traditional Mon-Friday at the office strictly anymore.
I honestly never minded working in person, most of the places I worked at were a fun environment and the IT depts I had the pleasure to work with were always fun and a wealth of knowledge to be around. What I don't miss is the crammed in the trains commute!!! With less people in the city, things will change tho...
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