office vacancies: NY's empty offices may lead to urban doom loop: Experts
New York's 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.
Source: indiatimes.com
