• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Kube Suite - TL
Home News

New York State Comptroller Says Office Recovery Could Take Years

Aayat AlibyAayat Ali
October 7, 2021
in News
Reading Time: 1 min read
A A
NYC office recovery

More stories for you

IWG Sets Sights on India as Its Third-Biggest Coworking Hub

IWG Sets Sights on India as Its Third-Biggest Coworking Hub

3 days ago
Sweden’s Coworking Market Set To Double In Five Years

Sweden’s Coworking Market Set To Double In Five Years

4 days ago
IRS Has Lost One Third of Its Auditors As DOGE Cuts Threaten Tax Revenue

IRS Has Lost One Third of Its Auditors As DOGE Cuts Threaten Tax Revenue

6 days ago
Tariffs Trigger Collapse In Corporate M&A As Deal Activity Hits 20-Year Low

Tariffs Trigger Collapse In Corporate M&A As Deal Activity Hits 20-Year Low

6 days ago

According to New York’s comptroller Thomas DiNapoli, the city’s office market will likely take years to recover from the pandemic.

Because more employers are offering remote working arrangements and reconsidering their office space, the full recovery for the industry may be far off.

Advertisements
Maximize Flexible Space Revenue

A report showed that the pandemic cut the value of New York’s office buildings by around $28.6 billion, while also costing the city over $850 million in property tax revenue for the 2022 fiscal year.

“When the pandemic hit, companies shifted office workers to remote work, rents fell and vacancies rose,” the report said. “I am optimistic for the sector’s recovery but its short-term future remains uncertain as employers assess future use of the space.” 

Advertisements
Yardi Kube automates flex and coworking operations
Advertisements
Subscribe to the Future of Work Newsletter
Tags: Businessdaily_digest
Share5Tweet3Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

IWG Sets Sights on India as Its Third-Biggest Coworking Hub
News

IWG Sets Sights on India as Its Third-Biggest Coworking Hub

byAllwork.Space News Team
3 days ago

International Workplace Group (IWG), the company behind coworking brands like Regus and Spaces, is aiming to become India's third-largest coworking...

Read more
Sweden’s Coworking Market Set To Double In Five Years

Sweden’s Coworking Market Set To Double In Five Years

4 days ago
IRS Has Lost One Third of Its Auditors As DOGE Cuts Threaten Tax Revenue

IRS Has Lost One Third of Its Auditors As DOGE Cuts Threaten Tax Revenue

6 days ago
Tariffs Trigger Collapse In Corporate M&A As Deal Activity Hits 20-Year Low

Tariffs Trigger Collapse In Corporate M&A As Deal Activity Hits 20-Year Low

6 days ago
Advertisements
Envoy - Workplace ROI
Advertisements
Envoy - Workplace ROI

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00