Premium office space in urban cores in many established cities worldwide is proving resilient amid the pandemic, retaining a high demand from tenants compared to less central or suburban locations, according to a new JLL report.

One Vanderbilt, a 93-story skyscraper in New York City, was completed in late 2020. At the start of 2022, it has almost no spare office space for rent.

A similar pull to buildings that tout best-in-class facilities has been seen across the US' biggest city, including other relatively new projects like 425 Park and 50 Hudson Yards, as companies upgrade their offices as part of an effort to lure employees away from their work-from-home lives.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.