As the pandemic continues, the majority of companies still aren’t bringing workers back to the office. Manhattan’s sea of office buildings are still mostly empty, which has some wondering if the economic engine of the city is forever broken.
Even as New York City springs back to life and has had a bit of a buzz return, America’s largest business districts — midtown and Lower Manhattan — are stuck at a red light.
“Most of these office buildings in this neighborhood you see are 85 percent vacant,” said Corey Abdo, who has been working in commercial real estate for 38 years.
He said he’s seen the dire headlines throughout the pandemic, predicting that “remote work is here to stay,” or that “Manhattan may never be the same.” But Abdo doesn’t entirely buy those oft-repeated lines.
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