Five years later, the trafficking of the New York City Office has known them all, but has known from the “home work” losses caused by the Pandemia – and here is the proof.
Visits to the office buildings in April were only 5.5% below the April 2019 level, the Placer Authority. He found the Platform, making the Big Apple the country’s clear leader in office trends.
Although office visits were also in most other major US cities compared to last month, their average April attendance was 30.7% below the average of 2019, according to Placecer.ai.
Los Angeles, Chicago and San Francisco brought the back, with April of the office visiting 42% to 44% below 2019.
Country.He analyzes mobile phone data to determine foot traffic. It covers 1,000 buildings nationwide, but does not say how much they are in each city.
The data confirm the biggest trend that real estate control has long been noted. News is great news for developers and owners of owners who are still surrounded by reduced property values and high interest rates.
But while the office attendance in Manhattan is clearly increasing, is it really again at 94.5% of the average pre-fandemia, as Placeor says?
Surrees sure that looks that way in the park and sixth streets in Midtown, in Hudson Yards and Manhattan West, and in or near the World Trade Center. Tower Office lobes and sidewalks have been busy since they have not been since March 2019.
The large new rents and extensions we have reported since January 1 – by Amazon, Aquarian Holdings, Amingamated Bank and some legal firms – testify to an appetite for indecisive space from “hybrid” trends.
Jason Szenes for New York Post
We have repeatedly written that the return of large -scale offices was being developed even before JPMORGAN Chase, Apple, Alphabet and other large companies dragged employees by retreating and sitting on their design this year.
Even so, let’s set up some polyte qualifiers about the report of the placecer.ai.
Continuous conversions of a number of old office towers in apartments removed a considerable number of retail buildings from inventory over the past three years and, apparently, from Place.ai.
And we want the placer. It allocates at least one of the countries that monitors-a lack of transparency that also affects the extraordinary immature, widely discredited barometer.
But even after nitpicings, it is clear that placer. It is extremely more accurate than Kastle’s survey, which was largely a marketing fraud for company security services. “Barometer” counts card curves only in mainly class-B buildings, where Kastle offers services.
The executives of the largest real estate companies, such as green and private public trade companies associated with shell-As-as buildings are monitored by Kastle-has a US since mid-2024 that WFH was in the back and no factor in decision-making by owners or tenants.
Despite, many media accounts continued to quote Kastle’s Lowball claims for 55% of the office occupation as late as last summer – while the predominance of rehearsals made it smarter to ignore.
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Image Source : nypost.com