Manhattan Office-Space Availability Reaches a Record High

Maurie Backman, The Motley Fool
·3-min read

First, things haven't improved enough on the pandemic front to make congregating in office buildings a safer prospect than it was back in March of 2020. As such, there's a good chance a large number of companies will seek to downsize their office space, or possibly dump it altogether, in the coming months and years. Known for its skyscrapers that house corporate offices, Manhattan's commercial real estate scene has nosedived in the course of the pandemic, and things could be dire for quite some time.