New York City office space hits lowest level in three decades
CNN
Vacant office space in New York City is the highest in nearly three decades and will likely hit "unprecedented levels" in the coming months.
As many companies continue to work from home, data from global real estate services firm Cushman & Wakefield (CWK) shows that the office vacancy rate in Manhattan reached 16.3% in the first quarter of 2021 -- the highest since 1994. That's up from 11.3% a year ago. The report -- assessing office space in Manhattan -- noted that office space leased since last year has also declined.More Related News