SL Green Predicts NY Recovery as Office Workers Return
SL Green CEO Marc Holliday (Getty) With some signs pointing to a large-scale return to offices as soon as the third quarter of this year, New York City’s biggest office landlord is optimistic about the road to recovery. On SL Green’s first quarter earnings call on Thursday afternoon, CEO Marc Holliday pointed to a confluence of factors that all bode well for the city’s economic outlook, such as low interest rates, a massive federal stimulus, a surging financial sector, upward-swinging hiring trends and a gradual lifting of Covid-era restrictions. “That’s a recipe for what could be a...