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office vacancies: NY's empty offices may lead to urban doom loop: Experts

New Yorks offices are struggling to fill up as remote work continues to be popular. Currently, office occupancy in the city is at 41% of pre-pandemic levels, with just 9% of office workers returning five days a week. Economists are concerned that this trend could lead to a decline in downtown and midtown businesses, a decrease in tax revenue, and a strain on public services.
United States New York University New York Eric Adams Eric Gural Cushman Wakefield

WATCH: Corporate Site Selection Expert John Boyd Details Palm Bay Being Named Top Destination for Post-Pandemic Corporate HQ Offices

John Boyd, the principal of The Boyd Company Inc. stopped by the Mike Erdman Cadillac Studios to speak with Space Coast Daily's Ron Lighthall on Palm Bay being named one of the Best U.S. Cities for Post-Pandemic Corporate HQ Offices.
New York United States Jacksonville International Airport Sierra Nevada Brevard County San Francisco

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